Technology Group RUAG has acquired Rosebank Engineering Pty Ltd,
which specialises in maintenance, repair and overhaul services for the Royal
Australian Air Force.
acquisition underlines RUAG’s growing market presence in the Asia-Pacific
region. All 154 employees have been taken on by RUAG.
The contract was signed
December 14, 2012. Until now RUAG has supported its customer base in the
Asia-Pacific region from its facilities in Malaysia and Europe.
This transaction means that the
company can now offer comprehensive life-cycle support out of Australia.
The most significant customer
at present is the Royal Australian Air Force via the Australian Department of
Internationally, Rosebank will
be represented by RUAG.
The parties have agreed not to
disclose the price of the shares sold.
Rosebank Engineering Pty Ltd, which will be called Rosebank Engineering
Australia, RUAG can offer lifecycle support solutions to its Australian and
regional customers from component to platform level. This means that RUAG, the
longstanding technology partner of the Swiss Armed Forces, is also well placed
to offer extensive lifecycle support services to the Australian Defence Force,”
Philipp Berner, CEO of RUAG's
Aviation Division said.