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QinetiQ unit to buy U.S.-based Avantus Federal for $590 mln

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  • QQ.L

Aug 5 (Reuters) - British engineering company QinetiQ Group said on Friday its unit, QinetiQ Inc, would acquire U.S. technology firm Avantus Federal for an enterprise value of $590 million.

Avantus provides cyber and software development solutions to the U.S. defense department.

QinetiQ Inc is buying Avantus from U.S.-based NewSpring Holdings. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Maju Samuel)

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