Submitted by dariat on

In August, V2X acquired the non-core federal IT services business of QinetiQ Group for $31 million. The transaction enhances V2X’s mission-critical IT operations support capabilities, reinforcing its role as a key provider of technology services to U.S. government and defense agencies, while allowing QinetiQ to streamline its portfolio and focus on core defense priorities. 

Seller Name
QinetiQ Group
Buyer Name
V2X
Value Type
Deal Value
$31M
EV/S Multiple
1.0x revenue
Deal Date
Banner
V2X acquired QinetiQ Group's non-core federal IT services