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.
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Seller Name
QinetiQ Group
Buyer Name
V2X
Value Type
Deal Value
$31M
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EV/S Multiple
1.0x revenue
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Deal Date