V2X has completed its acquisition of QinetiQ’s U.S. Intelligence business, a strategic move that significantly enhances V2X’s capabilities in the national security sector. This acquisition brings valuable expertise in areas such as data engineering, intelligence mission support, and cutting-edge cyber solutions, all of which are crucial for serving the Intelligence Community effectively.
The transaction, which was valued at approximately $24 million after considering estimated tax benefits, not only introduces new and advanced capabilities to V2X’s portfolio but also broadens its access to vital national security programs. As a result of this acquisition, approximately 70 skilled professionals with deep expertise in intelligence and cyber operations have joined the V2X team. Their specialized knowledge and experience will undoubtedly strengthen V2X’s offerings and support its mission.
The process of integrating the newly acquired QinetiQ Intelligence business into V2X’s existing national security portfolio is already underway and is expected to proceed smoothly over the coming months. This integration will ensure a seamless transition, enabling V2X to fully leverage its expanded capabilities for the benefit of its clients and national security initiatives.
KEY QUOTE:
“This acquisition enhances our position in the Intelligence Community and strengthens our ability to deliver data-enabled mission solutions across all domains. We are pleased to welcome this talented team and look forward to delivering greater value to our customers and shareholders.”
Jeremy C. Wensinger, President and Chief Executive Officer of V2X
