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21 January 2015
Defence and Space

Airbus Defence and Space continues divestment of non-core activities

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Summary

Electronics production facility in Oostkamp/Belgium sold

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Airbus Defence and Space has concluded an agreement with the company Parter Capital Group AG which is acquiring Airbus Defence and Space’s electronics production facility in Oostkamp, Belgium. Thereby, Airbus Defence and Space continues its strategy of strengthening its core business and divesting non-core activities. Both sides agreed not to disclose the value of the transaction.

By this strategic move, Airbus Defence and Space will consolidate its electronics production capabilities and develop further synergies. Under the agreement, the site will continue to deliver high-quality electronics parts to Airbus Defence and Space. Among the products are major Airbus products like primary- and secondary radar components, power amplifiers and transponders which will enable Parter Capital Group AG to diversify its activities by entering into defence-related business. It also enables Airbus Defence and Space to satisfy long lasting delivery commitments for highly complex defence related products. The Airbus Defence and Space plant in Belgium currently employs a workforce of about 150 employees.

Parter Capital Group AG is a swiss-based private equity firm acquiring science and technology driven companies since 15 years.

About Airbus Defence and Space

Airbus Defence and Space is a division of Airbus Group formed by combining the business activities of Cassidian, Astrium and Airbus Military. The new division is Europe’s number one defence and space enterprise, the second largest space business worldwide and among the top ten global defence enterprises. It employs some 38,000 employees generating revenues of approximately €14 billion per year.

Press contacts

Parter Capital Group AG
Dr. Rüdiger G. Terhorst, Partner
Tel. +41 (0)43.508.4546

Airbus Defence and Space Lothar Belz
+49 (0)731.392.3681
lothar.belz@cassidian.com

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