REG - BAE SYSTEMS PLC - Acquisition Completion

BAE SystemsAnnouncement

07/03/2022 11:00

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RNS Number : 7707D  BAE SYSTEMS PLC  07 March 2022

 
7 March 2022

BAE Systems completes Bohemia Interactive Simulations acquisition

Further to the announcement of 11 November 2021, BAE Systems has completed the
acquisition of Bohemia Interactive Simulations (BISim) after receiving
regulatory and customary approvals. The consideration of $200 million
(approximately £150 million), subject to customary closing adjustments, has
been funded from BAE Systems' existing cash resources.

BISim is a leading developer of advanced military simulation and training
software using the latest game-based technology to deliver innovative,
high-fidelity cost-effective training software products and related services.
BISim will expand our modelling and simulation capabilities to meet evolving
customer needs in the growing market for global military training, helping to
protect military personnel, reduce the current environmental impacts of live
training and support the carbon net zero ambitions of our customers and
ourselves.

 

BISim's market-leading virtual and constructive simulation products
are used within all branches of the US military and by more than 60
countries worldwide. Headquartered in Orlando, Florida, BISim has more than
325 employees around the world in countries including the United States,
United Kingdom, Australia, the Czech Republic and Slovakia. BISim will join
BAE Systems' Intelligence & Security sector.

 

Issued by:

Martin Cooper - Investor Relations Director

BAE Systems plc

London

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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