BELSPO

 Redwire Completes Acquisition of QinetiQ Space NV and $80 Million Financing from Bain Capital and AE Industrial Partners

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Tuesday, November 1, 2022
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We are thrilled to complete our acquisition of Space NV and close this important financing with Bain Capital and AEI, said Peter Cannito, Chairman and Chief Executive Officer of Redwire.

Key Points: 
  • We are thrilled to complete our acquisition of Space NV and close this important financing with Bain Capital and AEI, said Peter Cannito, Chairman and Chief Executive Officer of Redwire.
  • The addition of Space NV and the growth capital from Bain Capital and AEI leave us well positioned for the future.
  • As previously announced, under the terms of the agreement, Redwire paid 32 million, subject to customary working capital adjustments, to QinetiQ Group plc (QinetiQ Group).
  • Bain Capital and AEI together will make an $80 million investment in the form of equity-linked securities that will be used to finance the Space NV acquisition.

Redwire Accelerates Profitable Growth with Acquisition of QinetiQ Space NV

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Monday, October 3, 2022
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Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.

Key Points: 
  • Redwire Corporation (NYSE: RDW), a leader in critical space infrastructure for the next generation space economy, announced today that the Company has entered into a definitive agreement with QinetiQ Group plc (QinetiQ Group) to acquire its QinetiQ Space NV (Space NV) business, a Belgium-based commercial space business providing design and integration of critical space infrastructure and other instruments for end-to-end space missions.
  • Space NV has a long and successful history of operating in space and deploying leading space innovation for their customers, including ESA, BELSPO, and many European commercial space companies.
  • Space NV is expected to provide Redwire with increased scale, broader access to addressable markets and significant backlog to bolster our growth platform.
  • The financial information of QinetiQ Space NV contained in this press release is based on data available to Redwire provided by QinetiQ Group.