Farnborough, 22 August 2014: QinetiQ Group plc has completed the acquisition of Redfern Integrated Optics (“RIO”), based in San Francisco, California, following receipt of US regulatory approvals. The acquisition accelerates the development of OptaSense, a QinetiQ subsidiary, providing the business with secure access to the technical team developing the current and future generations of highly coherent, low noise semi-conductor lasers, one of the key enabling technologies for distributed acoustic sensing.
Leo Quinn, QinetiQ Chief Executive Officer said: “Concluding the acquisition of RIO is a further important step in our strategy to deliver the full potential of OptaSense as the global leader in distributed fibre sensing. We are committed to supporting and accelerating the business growth and development as appropriate with acquisitions and partnerships as needed. RIO has natural synergies with OptaSense and secures its access to a key supplier in the market.”
Magnus McEwen-King, OptaSense Managing Director said: “Having RIO within the group enables us to make the necessary investments in the next generation of OptaSense equipment, especially within the subsea and seismic survey segments of the oil & gas sector where high performance and high reliability in harsh environments are essential.”
Notes for Editors:
A FTSE250 company, QinetiQ uses its world class knowledge, research and innovation to provide high-end technical expertise and advice, to customers in the global aerospace, defence and security markets. QinetiQ's unique position enables it to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments as well as other international customers in targeted sectors.
OptaSense is a platform technology which has applications in a number of markets, including infrastructure security where the technology is already in use to monitor 10,000kms of assets, principally providing leak detection and third party intrusion detection for oil and gas pipelines.
OptaSense is the World leader in Distributed Acoustic Sensing and operating in 40 countries globally with operations across multiple industries including Oil & Gas, Defence & Security, Transport and Utilities.
OptaSense is managed as a subsidiary of the QinetiQ Group
For further information, please contact QinetiQ Press Office
Tel: +44 (0) 1252 39 3500