RUAG International has entered into exclusive negotiations with Thales to sell all business activities in the field of Simulation & Training (RUAG S&T). Thales has the strong intention to take over the entire business activities as well as all 500 employees of RUAG S&T, RUAG writes in press release.
RUAG S&T is a provider of simulation and training systems for security organisations and military forces. The company employs around 500 people at various locations in Switzerland, France, Germany and the UAE. In connection with the realignment of RUAG International, the Group has decided to sell RUAG S&T. The business activities in question are grouped within RUAG International inside the RUAG MRO International Division.
“The acquisition of the RUAG S&T business by Thales would mean another important step for RUAG International on its way to becoming a space company”, says André Wall, CEO of RUAG International.
Thales’s Training & Simulation business (T&S) designs and delivers training capabilities for armed forces as well as civil and government helicopter operators worldwide. With 1,000 employees, the business has industrial sites in France, the UK, Germany and Australia as well as joint ventures and training sites in the USA, Middle East and Europe.