QinetiQ to buy EIS Aircraft Group
QinetiQ Group has entered into an agreement to acquire EIS Aircraft Operations, which is currently part of the EIS Aircraft Group, QinetiQ announced on 24 April.
The transaction is subject to regulatory and legal approvals and is expected to close towards the end of the first half of QinetiQ’s 2019 financial year.
Aircraft Operations provides airborne training services in Germany, including threat representation and operational readiness training for military customers. Customers include the German armed forces and the US Air Force in Europe. It delivers airborne training services using a fleet of 14 leased Pilatus PC-9 and PC-12 aircraft.
Steve Wadey, CEO, QinetiQ, said: ‘EIS Aircraft Operations is a high growth business which provides airborne training at a disruptively low price. This acquisition supports our strategy for international growth by providing access to the European defence market and enhancing our ability to deliver capability integration, threat representation and operational readiness for customers.
‘We look forward to welcoming the Aircraft Operations team in Germany to QinetiQ and working with them to continue to grow the business both within their existing markets and beyond.’
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