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Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line - Thales 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 - RUAG.com / ThalesAleniaSpace.com
Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line

 

NewswireToday - /newswire/ - Paris, Ile-de-France, France, 2016/11/03 - Thales 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 - RUAG.com / ThalesAleniaSpace.com. Euronext: HO

   
 
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Based in Zürich, RUAG’s opto-electronics and instruments business line (ruag.com) 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.”

About Thales Alenia Space

Thales Alenia Space (thalesaleniaspace.com) brings over 40 years of experience to the design, integration, testing and operation of innovative space systems for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. A joint venture between Thales (67%) and Leonardo-Finmeccanica (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ “Space Alliance”, which offers a complete range of services and solutions. Thales Alenia Space has built up unrivaled expertise in dual (civil-military) missions, constellations, flexible high-throughput payloads, altimetry, meteorology, and high-resolution radar and optical observation, as well as space exploration. The company capitalizes on its strong legacy, while also making innovation a key to its strategy. By offering a continuous stream of new products and expanding its global footprint, Thales Alenia Space has established its leadership in today’s fast-evolving space sector. Thales Alenia Space posted consolidated revenues exceeding 2.1 billion euros in 2015 and has 7,500 employees in nine countries.

 
 
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Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line

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Publisher Contact: Cédric Leurquin - ThalesGroup.com 
+33(0)1 57 77 86 26 cedric.leurquin[.]thalesgroup.com
 
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