With the Avalon 2017 Airshow just hours old a listed UK defence business has announced the acquisition of an Australian logistics support provider and strengthened its board with a major appointment.
The QinetiQ acquisition of RubiKon Group will strengthen the business’ logistics capabilities and boost the company’s offering in the defence sector, according to QinetiQ CEO Steve Wadey.
“Over the last year we have set our strategy for growth underpinned by investment, including bolt-on acquisitions where there is a strong strategic fit,” he said.
“The acquisition supports the delivery of our strategic priority to drive growth and our core capabilities in international markets.”
Wadey said RubiKon’s integrated logistics support services are complementary to the technical engineering advice and services provided by QinetiQ, and will enable the business to offer independent whole-of-project solutions to customers in the growing Australian and Asia-Pacific markets.
Managing director of RubiKon Chris Otley-Doe said the acquisition represented a natural fit for the business and will support the team's ongoing opportunities and career progression.
QinetiQ also made the simultaneous announcement that former chief executive of Lockheed Martin Australia and New Zealand, Rear Admiral Raydon Gates (retired), has been appointed to its Australian board.
QinetiQ Australia’s managing director Greg Barsby said he was delighted to have such a strong industry champion on the Australian board.
“Rear Admiral Gates brings invaluable experience and leadership that will help us to improve our customer focus and realise our vision to be a chosen partner for mission-critical solutions," he said.