Reuters logo
QinetiQ says to buy ITS Corp for up to $90 million
March 1, 2007 / 7:33 AM / in 11 years

QinetiQ says to buy ITS Corp for up to $90 million

LONDON, March 1 (Reuters) - British defence and security technology company Qinetiq Group Plc (QQ.L) said on Thursday it is to buy ITS Corp , a provider of IT services to the U.S. government and its agencies, for up to $90 million.

QinetiQ also said in a statement it was selling its Air Filtration Systems Inc subsidiary for $39 million to U.S. filtration systems maker Donaldson Co Inc (DCI.N).

“The transactions are in line with QinetiQ’s strategy to grow its North American operations and to dispose of businesses that are non-core,” it said in a statement.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below