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Thales Alenia Space completes the
acquisition of RUAG’s opto-electronics business line
Thales (Euronext Paris: HO) announces today the closing of
the acquisition by Thales Alenia Space of RUAG’s
opto-electronics business line after receiving the approval
by regulatory authorities.
Based in Zürich, RUAG’s opto-electronics and instruments
business line is specialized in scientific satellite
instruments and in equipment for optical communications in
space. The entity employs 75 people and recorded sales of 18
million Swiss francs in 2015 (16.6 million euros).
Thanks to this acquisition, Thales Alenia Space will both
expand its European footprint and enhance the solutions it
offers for today’s science, earth observation and
telecommunications markets.
Patrice Caine, Chairman & CEO of Thales, said: “Thales is
very excited that this acquisition has now closed and
welcomes RUAG’s talents as part of its family. This
acquisition will notably contribute to reinforce our offer
in the growing area of satellite constellations.” |
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