Waterfront advises Cubica and Q6 on their recent acquisition by Chemring Group PLC
Jun 8, 2021
Waterfront has advised longstanding clients, Cubica Technology and Q6 Holdings (“Cubica Group”), on their recent acquisition by FTSE 250-listed Chemring Group, a provider of advanced technology products and services to the aerospace, defence and security markets. Cubica is a research and development company specialising in artificial intelligence, machine learning, data fusion and autonomy. Q6 is the majority shareholder of Vigil AI, which has technology providing state-of-the-art solutions to enable online platforms to detect imagery relating to child sexual exploitation globally.
Chief Executive of Chemring, Michael Ord commented: “With a focus on innovative protective technologies and outstanding delivery in support of their customers, the acquisition of the Cubica Group, a business we know well, is a valuable addition to Chemring’s portfolio and will further accelerate growth in our Roke business. Specialising in artificial intelligence, machine learning, data fusion and autonomy, the Cubica and Vigil AI businesses are an excellent strategic and cultural fit for our Roke business and also offer significant additional research and development expertise as we invest in next generation technologies and expand our product, service and capability offerings.”
The Waterfront team advising on the deal was led by partner Angus Young and included associate Charlotte Lang as well as partners Matt Cunningham, Alison Berryman and Anthony Purvis.
Co-Founder and Managing Director of Cubica Scott Page said, “a massive thanks to the team at Waterfront whose huge efforts were absolutely instrumental in helping us get this deal done.”
Waterfront’s Matt Cunningham said, “it’s been a real pleasure working with Scott and the Cubica team over the years, and I’m delighted we have been able to assist them with the sale to Chemring Group.”