Defence group goes on the attack with £23.5m deal

Inzpire's Targeted Fidelity Simulator
Defence technology group Qinetiq has agreed a £23.5m takeover of Lincoln-based Inzpire to create "a leading provider of critical defence training". Inzpire provides operational training and mission systems for military customers in the UK and internationally. QinetiQ will acquire 85% of Inzpire Group, and has an agreement to acquire the remaining 15% after two years, for a total consideration of £23.5m. Hugh Griffiths, chief executive of Inzpire, said: "This transaction will help us accelerate our progress in delivering a "... For the full story register now for free or login below...