NewSpring Holdings exits Avantus Federal in $590m Deal

NewSpring Holdings exits Avantus Federal in $590m Deal

QinetiQ US, a wholly owned subsidiary of QinetiQ Group and a leading defence company is to acquire Avantus Federal (Avantus) from NewSpring Holdings for an enterprise value of $590m. The combination of QinetiQ US and Avantus will create a powerful growth platform to...