View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 19, 2018

QinetiQ buys EIS Aircraft Operations for airborne training services

QinetiQ Group has successfully completed the acquisition of EIS Aircraft Operations for a total cost of €70m on a cash-free, debt-free basis.

QinetiQ Group has successfully completed the acquisition of EIS Aircraft Operations for a total cost of €70m on a cash-free, debt-free basis.

The acquisition concluded after QinetiQ received regulatory and legal approval for the transaction.

Aircraft Operations is a Germany-based company that is focused on providing advanced airborne training services, in addition to supplying lightweight cabin interior products and a wide range of composites and specialised thermoplastics solutions.

The company remains committed to delivering threat representation and operational readiness for different military customers.

“Following the acquisition, Aircraft Operations will continue to be led by its existing management team and will form a part of QinetiQ’s international business unit.”

Aircraft Operations offers airborne training services using a highly cost-effective fleet of 14 leased Pilatus PC-9 and Pilatus PC-12 aircraft, which are operated by a team of 20 pilots.

The acquisition will provide QinetiQ with a number of strategic benefits, including strengthening capability integration, threat representation and operational readiness offering while enabling the company to speed up its international growth.

The definitive agreement for the purchase was reached between the two companies in April.

Following the acquisition, Aircraft Operations will continue to be led by its existing management team and will form a part of QinetiQ’s international business unit.

It will be reported within QinetiQ’s Europe, Middle East and Africa (EMEA) services division.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The defence industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Airforce Technology