On Thursday, QinetiQ announced that it has completed the sale of its underwater systems business based at Winfrith, Dorset to Atlas Elektronik UK following approval by the UK Department of Business, Innovation and Skills. The move is the latest in line with QinetiQ’s strategy to dispose of certain non-core assets within its EMEA business and reallocate capital into higher growth investments.
The underwater systems business employs approximately 220 employees. Its functionality includes hydro-acoustics, sonar, open architecture sonar and combat management systems, acoustic counter measures, submarine signatures, maritime security and control of unmanned maritime vehicles. The business is a provider to the UK Ministry of Defence and other defense departments and corporate customers internationally.