Rheinmetall Simulation Australia to acquire Sydac

Rheinmetall Simulation Australia has entered into an agreement with Sydac Pty Ltd to acquire its defence business.

The sale is now subject to final approval from the Department of Defence.

South Australian Treasurer and Minister for Defence Industries Jack Snelling welcomed the announcement of the acquisition.

"This announcement strengthens Rheinmetall's presence in South Australia and signifies there is a long-term future for them in our state," Snelling said.

"Having met with Rheinmetall in Germany in September and seen first-hand their advanced simulation-based training products as well as other aspects of their business I am confident there are opportunities for them to continue to expand their simulation and training business in Australia's Defence State."

Adrian Smith, managing director of Rheinmetall Simulation Australia, commented that Sydac has been a leader in the Australian defence simulation industry, servicing the ADF since the late 1980s and building up a great capability as well as a valuable team.

“We look forward to continuing and expanding their [Sydac] relationship with the Australian defence community as we add the products and expertise of Rheinmetall Defence’s Simulation and Training business to their already impressive capabilities,” Smith said.