The SI Organization to acquire QinetiQ North America Services and Solution Group
- April 22, 2014
Chantilly-based The SI Organization announced Tuesday plans to acquire QinetiQ North America Services and Solutions Group (QNA/SSG). Terms of the deal were not disclosed.
QinetiQ North America is headquartered in Reston.
The move will more than double SI’s employee count to 4,800 and bring the company’s revenue to approximately $1.3 billion. QNA/SSG employs 2,800 people.
QNA/SSG provides technology, services and solutions focusing on the U.S. government. SI offers systems engineering and integration capabilities solutions to the U.S. intelligence community, Department of Defense and other agencies.
“This transaction creates an opportunity to greatly scale our presence in market adjacencies such as DoD, DHS, NASA and federal civilian agencies,” Mac Curtis, CEO of SI, said in a statement.
The deal is subject to customary closing conditions and expected to close in the second quarter of this year.