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
Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform U.S. airline Delta Air Lines, Inc. and its Italian codeshare partner Alitalia are planning to launch quarantine-free, COVID-free flights between U.S. and Europe through new testing protocols, starting in December. In a statement, Delta said it has signed deals with airports and governments eliminating quarantine requirements on COVID-tested flights connecting Atlanta and Rome.
RELATED NEWS
Follow RTT