logo
Plus   Neg
Share
Email

QinetiQ To Sell Boldon James To HelpSystems International For GBP 30 Mln - Quick Facts

Defence technology company QinetiQ Group plc (QQ.L) said Thursday that it has agreed to sell Boldon James Limited to HelpSystems International Limited for a consideration of 30 million pounds.

Boldon James, a provider of data classification and secure email messaging solutions, generated revenue of 9.1 million pounds in the year ended 31 March 2020.

QinetiQ acquired Boldon James in 2007 and has reported it within Global Products.

QinetiQ said its decision to divest Boldon James was a strategic choice to enable increased focus on its core capabilities to deliver mission-led innovation. The cyber and information domain remains a strategic growth area for QinetiQ, where the company sees good opportunities.

Results International acted as exclusive financial advisor to QinetiQ.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
RELATED NEWS
Follow RTT