UWS acquisition

Qinetiq has announced the disposal of its underwater systems (UWS) business to Newport-based subsea systems manufacturer Atlas Elektronik UK, for £23.5m.

The deal is part of Qinetiq's strategy to release a number of non-core assets within its EMEA business and focus on higher-growth investment areas.

Based in Winfrith, Dorset, the UWS business employs around 220 staff. The facility operates in the areas of hydro-acoustics, sonar systems, maritime security, acoustic and combat management and the control of unmanned maritime vehicles.

Dieter Rottsieper and Kai Horten, managing directors of Atlas Elektronik, said: 'The acquisition of the UWS business represents a significant step forward in the development of our UK operations, increasing our presence in a key naval market, and cementing our position as a provider of hydro-acoustic and sonar technology internationally. We are committed to enhancing and building our support and services to the UK Ministry of Defence (MoD) and UWS’s other key customers internationally.'