France-based Thales has completed its acquisition of Switzerland’s RUAG Simulation & Training,
All 500 employees of RUAG Simulation and Training (RUAG S&T) employees have transferred to Thales, which employs around 900 people. The acquisition makes Thales one of the leading companies in Europe in the development and supply of simulation and training for the military.
Last year RUAG S&T made sales with around €90 million (US$94.5 million).
According to Thales the consolidation will complement its footprint in the land market while sustaining its expertise in helicopters and military aircraft solutions. This acquisition also provides an opportunity to reinforce its local footprint in France, Switzerland, Germany, and the UK, while increasing its presence in UAE and Australia, it said.
“The synergies of Thales and RUAG S&T will create new opportunities to accelerate the deployment of next generation hybrid solutions, combining live and synthetic expertise. The initiative, which is driven by the digitalization of land forces, is fully in line with the global evolution toward more environmentally friendly solutions,” Thales said in a press release.
Executives at the two companies are now working to integrate the two companies to create a more efficient business Thales said, while ensuring the continuity of activities and operations for the benefit of the armed forces.
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