London-based Improbable has sold its defence division to Brussels/Dubai/Luxembourg-based/registered NOIA Capital for an undisclosed sum.
The deal will see NOIA acquire around 70 engineers and modellers, business interests, and contracts including those with the UK’s Ministry of Defence (MoD).
“We are very pleased to spin out our Defence business, which we initiated in 2018 and grew to the point of Skyral being a proven capability. We are very confident that with the support of NOIA, the business is on a great path moving forward to being one of the first new Prime Contractors in decades in the UK market. Improbable continues to transform to deepen its focus on the Metaverse”, commented Improbable COO Peter Lipka.
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