QinetiQ becomes majority investor in Inzpire
QinetiQ Group has become a majority investor in Inzpire, with an 85% share ownership in the company that will rise to 100% after two years.
With support from QinetiQ, Inzpire will expand its product and service offerings to a wider international audience. The companies will work together to exploit operational synergies spanning areas including mission data, human factors, simulation, test and evaluation, mission systems and flight operations.
Inzpire’s service delivery will continue in its current form, with no impact on current contractual obligations.
Steve Wadey, CEO, QinetiQ, said: ‘Over the past 13 years, Inzpire has become one of the most trusted names in UK defence. This trust is built on their rigorous customer focus, positive culture and their peoples’ extensive experience. Being deeply embedded with their customers, Inzpire provides training and services that are critical to maintaining and building defence capability.
‘Our investment enhances our overall offer in defence operational training and mission systems, both in the UK and internationally. Defence operational training represents an area of significant growth as customers around the world increasingly recognise the need to enhance their training capabilities cost effectively.’
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