Thales Completes Acquisition of RUAG Simulation & Training

04.05.2022 Asia
Thales Completes Acquisition of RUAG Simulation & Training

Thales Completes Acquisition of RUAG Simulation & Training

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The aerospace company RUAG International and Thales have successfully completed the sale of the RUAG Simulation & Training business unit. Thales will take over all business activities and all 500 employees in four countries at the beginning of May. With this sale, RUAG International is concentrating more on its core activities in the space market.

After RUAG International and Thales began exclusive negotiations in November 2021 on the sale of the simulation and training business activities (RUAG S&T), the contract was signed between the two parties in January 2022. With the final transfer of ownership, Thales will now take over all business activities of RUAG Simulation & Training as well as all employees at the beginning of May. The business unit employs around 500 people at various locations in Switzerland, France, Germany and the United Arab Emirates. As part of the realignment of RUAG International, the Group has decided to sell RUAG S&T.

Felix Ammann, Executive Vice President RUAG MRO International, is pleased about the closing of the deal: “This is a big and important step for RUAG Simulation & Training, for all employees as well as for the customers. Thanks to Thales' many years of experience and global presence, the conditions are ideal for continuing and expanding the existing business activities.”

The activities of the RUAG S&T division were combined within the Group in the RUAG MRO International division. Attractive follow-up solutions have been found for the entire division in recent months and years, including the takeover of all employees. Only recently, an agreement was reached with the Australian company ASDAM for the RUAG Australia division. The sale of the activities in Germany (aircraft maintenance, servicing and production of the Do228) to General Atomics Europe and the sale of the shares in RUAG Malaysia to Global Systémes Asia have already been completed in 2021. The sale of the Geneva and Agno sites (aircraft maintenance) to Dassault Aviation took place in 2019.

 
 



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