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M&A Deal Summary

Thales Acquires RUAG International’s Simulation & Training Business

On November 16, 2021, Thales acquired defense company RUAG International’s Simulation & Training Business from RUAG International

Acquisition Highlights
  • This is Thales’ 2nd transaction in the Defense sector.
  • This is Thales’ 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-11-16
Target RUAG International’s Simulation & Training Business
Sector Defense
Buyer(s) Thales
Sellers(s) RUAG International
Deal Type Divestiture

Target

RUAG International’s Simulation & Training Business

Bern, Switzerland
RUAG International’s Simulation & Training Business develops sophisticated training technologies for Land Forces. It has a strong track record in training services and benefits from a solid market reputation, long-term contracts and decades of investment in products and technologies. RUAG S&T is engaged in significant contracts including with ARMASUISSE and other key customers.

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Buyer(S) 1

Buyer

Thales

Meudon, France
Category Company
Founded 1893
Sector Safety/Security
Employees78,189
Revenue 20.6B EUR (2024)
DESCRIPTION
Entrance to a Thales facility in Irvine, California.
Entrance to a Thales facility in Irvine, California.

Thales is a provider of integrated solutions and equipment for security systems primarily to the aerospace and defense markets. Thales was founded in 1893 and is based in Meudon, France.

DEAL STATS #
Overall 15 of 21
Sector: Defense M&A 2 of 2
Type: Divestiture M&A Deals 5 of 5
Country: Switzerland M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Ground Transportation Systems

Courbevoie, France

Ground Transportation Systems is a global leader in Rail Signaling and Train Control Systems, Telecommunications and Supervision systems, and fare collection solutions, key technologies for more sustainable mobility. Around 8 billion passengers benefit from GTS’s rail technologies every year.

Sell €1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 OneWelcome

Amersfoort, Netherlands

OneWelcome provides cloud-based customer identity and access management for highly regulated industries, empowering them to securely connect customers as well as business partners to their online services. OneWelcome is based in Amersfoort, Netherlands.

Buy €100M

Seller(S) 1

SELLER

RUAG International

Bern, Switzerland
Category Company
Founded 1998
Sector Defense
DESCRIPTION

RUAG International is a developer and marketer of internationally sought-after technology applications in the fields of aerospace and defense for use on land, in the air, and in space. RUAG International was formed in 1998 and is based in Bern, Switzerland.

DEAL STATS #
Overall 2 of 2
Sector: Defense M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Switzerland M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 RUAG Holding AG - Business Aviation Activities

Geneva, Switzerland

RUAG Holding AG - Business Aviation Activities comprises maintenance and FBO activities through Geneva and Lugano sites.

Sell -
Mergr

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