LONDON, UK: TP Group (AIM: TPG), announced that, following the strategic review of the Group’s consulting and software capabilities in relation to its wider strategy as announced on 1 November 2021, the Board has agreed to sell its Northstar autonomous navigation software to QinetiQ Limited a subsidiary of QinetiQ Group PLC for a cash consideration of c£0.6m.
The disposal will result in the Northstar software, and its development team, being transferred to QinetiQ effective 1st April 2022.
Northstar autonomous navigation software is being developed for an innovative solution involving an amphibious unmanned ground vehicle (UGV) that aims to help personnel advance safely and stealthily through difficult terrain.
Established in 1986, The TP Group has quickly grown to become one of the UK’s leading multi-disciplinary contractors.
Based in Essex and operating across London, the Southeast and the Home Counties, our mission is to provide the highest quality of service possible to our clients, with a consultative approach and our ‘can do’ attitude.
With over 30 years’ experience, our specialist teams will provide you with all the expertise your project needs and, above all, get the job done.
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