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V2X To Acquire QinetiQ’s Federal IT Services Business

V2X To Acquire QinetiQ’s Federal IT Services Business
iStock Cyber Lock

V2X on Monday said has agreed to acquire the U.S. federal information technology services business of Britain’s QinetiQ Group plc in a deal that expands its work with the intelligence community. V2X said the deal is valued at $24 million excluding tax benefits. QinetiQ on Tuesday said the transaction has an enterprise value of $31 million. The deal is expected to be complete by the end of September, QinetiQ said. The IT business is not core to the company’s operations.…

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