Elbit Systems Ltd. announced today that it signed an agreement for the acquisition of the assets of BVR Systems (1998) Ltd. for a price of $34 million, subject to accounting adjustments. The closing of the transaction is subject to the fulfillment of certain conditions including receipt of all approvals required by law.
BVR Systems (1998) Ltd. is a leader in the area of development and production of training, simulation and debriefing systems for air, sea and ground forces. Joseph Ackerman, President and CEO of Elbit Systems Ltd. commented: "We welcome BVR's employees to the Elbit Systems family.The acquisition of BVR System's business activities is in line with our long-term strategy of growth through mergers and acquisitions of complementary companies with high synergistic value." Ackerman further added: "BVR Systems is a well-established company with advanced technology products that have proven operational success. The company's capabilities complement Elbit Systems' other training capabilities".
| Contact details from our directory: | |
| Elbit Systems Ltd | Thermal Imaging Equipment, Enhanced Vision Systems (EVS), Chemical Milling, Metal Bonding, Filament Winding Service, Aerial Firefighting Equipment, Forming, Aircraft Structural Components, Moving Maps, Helmet-Mounted Displays (HMD), Electronic Flight Instrument Systems, Laser Radar, FLIR Systems, Cameras (Airborne), Head-Up Displays, Warning Systems/Equipment, Flight Recorders, LCD Displays, Avionics Management Systems, Stores Management Systems, Terrain Awareness and Warning Systems, Terrain Following Radar, Weapons Countermeasures, Radio Communications Equipment, Airborne Communication Systems |
| Related directory sectors: |
| Personnel & Training |
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