Osborne Clarke advised QinetiQ Holdings Limited on a majority, 85% acquisition, of Inzpire Group Limited for a total consideration of £23.5 million.
The agreement also provides for QinetiQ to acquire the remaining 15% after two years,.
A leading science and engineering company operating primarily in the defence, security and critical infrastructure markets, QinetiQ’s investment will strengthen its offering in defence operational training and mission systems. This area represents significant growth for the firm as customers around the world increasingly recognise the need to enhance their training capabilities cost effectively.
Inzpire is a leading provider of operational training and mission systems for military customers in the UK and internationally. Approximately three quarters of its revenue comes from airborne training and evaluation services, primarily for the Royal Air Force. The balance of its revenue is from the sale of aviation mission system products ranging from standalone tablets to full mission support systems integrated with aircraft avionics.
The Osborne Clarke team was led Partner Conrad Davies (picture) who was supported by Damocles Merry and Annie Nelson.
Law Firms: Osborne Clarke;