Qinetiq Group
recently signed a definitive merger agreement to acquire
Analex Corporation(Analex), a move that continues the company’s strategy to grow its North American operations.
Under the terms of the agreement, which is conditional upon regulatory clearance in the
Analex is a
Headquartered in
According to a statement, Analex provides Qinetiq with new customers and contract opportunities as well as broadening the range of service offerings to the existing customer base of the Group. Principal customers include the US Missile Defense Agency (MDA), US Army, US Navy, DARPA, and NASA. Analex is also well positioned with intelligence customers some of which it has worked with for more than 20 years. ??
Commenting on the agreement, Qinetiq’s chief executive officer Graham Love said: ‘Having recently secured a number of new contracts, Analex offers growth and margin prospects consistent with expectations for Qinetiq’s existing North American business and we expect the acquisition to be immediately earnings enhancing for Qinetiq.’
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