24th November 2020
Janes has today announced an agreement to acquire the defence market analytics business – also known as Global Platforms and Systems ("GPS") – from Avascent to support its industry intelligence solutions and enhance the offering it provides to customers.
This acquisition comes as we continue to build on the momentum we have created since becoming an independent business and ensures that we will continue to deliver the objective open-source intelligence and analytics that our customers rely upon.
Blake Bartlett, CEO of Janes
“I’m delighted to announce the acquisition of GPS from Avascent – it’s a great addition to our portfolio of trusted open-source defence intelligence solutions and allows us to enhance our position as the leading provider of defence market forecasts worldwide,” said Blake Bartlett, CEO at Janes. “This acquisition comes as we continue to build on the momentum we have created since becoming an independent business and ensures that we will continue to deliver the objective open-source intelligence and analytics that the world of defence and security relies upon.”
“This deal brings a highly complementary capability into the Janes ecosystem of connected data that our customers trust in their most critical decisions,” said Doug Dixon, President of Aerospace and Defence Industry at Janes. “We’re focused on getting our customers the right data in the right structure to underpin the analytics they need to operate in the modern national security environment.”
“In Janes, we have found a partner that can take the GPS business to the next level while we continue to focus and invest in our core strategy consulting business,” said Steve Irwin, President of Avascent. “Clients who have come to rely on GPS and its custom features will experience no change in the quality of the product or the responsiveness of the client service. Indeed, clients who have wanted closer integration between GPS and other data resources can now look forward to the prospect of more powerful tools to support their strategy, corporate development, and business development efforts.”
The deal between Janes and Avascent also includes a collaboration agreement through which the two firms can pursue opportunities where their joint capabilities will provide clients with unparalleled insights and advice on critical defence and security issues.
Janes expects completion of the acquisition in January 2021 subject to customary conditions.
20th January 2021