QinetiQ Group Plc (QQ) has entered into an agreement to acquire Manufacturing Techniques Inc.
The transaction is for a consideration of $105 million in cash on completion and an earn-out of up to $20 million payable in cash and shares over 3 years linked to financial targets.
The acquisition will accelerate company’s growth in the US market and strengthen implementation of its global growth and innovation strategy across the Group.
On 2nd October 2019, at the time of writing, GMT 08:33 AM, QQ. shares were trading at GBX 294.00, up by 2.40 points or 0.82% against the previous day closing price.