QinetiQ
has announced that it has agreed to purchase Hampshire-based
Graphics Research Corporation(GRC) for £1 million.
GRC was spun out from an MOD initiative in 1989 to enhance and make commercially available an existing MOD-developed Warship and Submarine design and analysis software tool. A software tool set known as Paramarine now forms the core of its business.
Andrew Sleigh, group managing director of QinetiQ's defence business, said, “GRC meets our firm criteria for acquisitions in the
The managing director of GRC, Adam Askew, said, “The GRC team is looking forward to building on our long-standing relationship with QinetiQ and we anticipate a strong future together.”
GRC's 14 staff are already based at QinetiQ's
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