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Tag Archives: M&A Activity

Steve Wadey: QinetiQ Seeks to Grow US Footprint Through $105M Buy of Sensor Maker MTEQ

QinetiQ has agreed to buy Lorton, Va.-based sensor provider Manufacturing Techniques for approximately $105M in a push to establish a global defense and security company. The deal, which is subject to legal and regulatory approvals, involves an additional $20M in cash and stock payments contingent on financial performance over a three-year period, QinetiQ said Wednesday.

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By Light to Buy Simulation Tech Maker Cole Engineering

By Light Professional IT Services has agreed to buy Cole Engineering Services, a developer of simulation-based training platforms for military use. Both companies expect to close the transaction by the fourth quarter, pending approval by Cole Engineering's shareholders and regulatory clearances, By Light said Thursday.

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