QinetiQ Group plc (LSE:QQ.) entered into an agreement to acquire E.I.S. Aircraft Operations of E.I.S. Group for €70 million on April 24, 2018. The consideration will be paid on a cash-free, debt-free basis. The deal will be funded from QinetiQ's available cash resources. Post-completion, Aircraft Operations will form part of QinetiQ's International business unit and will be reported within QinetiQ's EMEA Services division. The business generated revenues of €20.1 million, gross assets of €100.2 million and EBITDA of €5.4 million for the year ended December 31, 2017. Following completion, Aircraft Operations will continue to be led by its existing management team. Aircraft Operations team in Germany will be joining QinetiQ. The transaction is subject to certain regulatory and legal approvals and approval from the relevant authorities and is expected to close towards the end of the first half of QinetiQ's 2019 financial year. The deal is expected to enhance QinetiQ's earnings per share in the current financial year. Stephens Europe acted as financial advisor to QinetiQ. Christoph Brenner, Christoph Rödter, Till Steinvorth, Stefan Schultes-Schnitzlein, André Zimmermann, Christian Schröder, Andrea Köhler, Bernhard Schmaderer, Markus Schmid, Markus Piontek, Louisa Kallhoff and Amelie von Alten of Orrick acted as the legal advisors, Houlihan Lokey Capital, Inc. acted as a financial and Torsten Janßen, Burkhard Völkner and Sabine Holtrup of Ebner Stolz acted as accountants for EQT Partners AB, parent of E.I.S. Group. Ulf Gosejacob, Sabine Schomaker, Maike Schöber and Jacqueline Urbing of Taylor Wessing acted as legal advisors for EQT on financing issues. Christoph Torwegge, Thies Goldner, Alexandra Nautsch, Antje Günther, Daniel Walter, David Plitt, Philipp Raben, Romeo Szejnmann, Theresa Gutsche and Arne Neubauer of Osborne Clarke acted as legal advisors for QinetiQ. Daniel Fisher Owens and John Ordway of Berliner, Corcoran & Rowe, LLP and Jens Knipping, Thomas Wagner and Michael Gilmore of Warth & Klein Grant Thornton GmbH & Co. KG acted as legal advisor for QinetiQ. Houlihan Lokey Capital, Inc. acted as a financial advisor for E.I.S. Group. QinetiQ Group plc (LSE:QQ.) completed the acquisition of E.I.S. Aircraft Operations of E.I.S. Group on October 17, 2018.