Serco Inc. Acquires QinetiQ US Business for $292 Million

Serco Inc., a subsidiary of Serco Group plc, has agreed to acquire the United States business of QinetiQ for $292 million. The deal adds approximately 800 employees to the company and increases its combined annual revenue to nearly $2.5 billion.

The acquisition strengthens Serco's presence in the space systems market, specifically adding capabilities in satellite technology, unmanned systems, and aircraft launch and recovery. Through this move, Serco gains support for the Space Development Agency and its Proliferated Warfighter Space Architecture, a low Earth orbit military architecture used by the Department of Defense.

Serco Inc. plans to leverage these new capabilities to pursue more complex contracts in mission support and missile defense. Company leadership indicated that the move allows the organization to reach more customers in critical mission areas and establishes a more significant presence in the space domain.