- Redwire ( NYSE: RDW ) to acquire QinetiQ Group plc's QinetiQ Space business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.
- Per the terms, Redwire will acquire Space NV for €32M.
- Upon closing, the deal is expected to be accretive to Adjusted EBITDA and Free Cash Flow.
- The move grows Redwire Platform in Europe with profitable Revenue and backlog expansion.
- Redwire will utilize Space NV’s existing management and operational structures and anticipates integrating the companies without disruption to either business.
- The transaction financing commitment from AE Industrial partners and is expected to be financially accretive.
- The deal is expected to close in the fourth quarter of 2022.
For further details see:
Redwire to acquire QinetiQ Space NV