• 07.01.2015
  • Space, Air, Land, Group
  • Media release

RUAG acquires hunting and sport trading company Glaser Handels AG

International technology group RUAG is taking over Glaser Handels AG, Winterthur, the leading wholesaler on the Swiss market for hunting and sports guns, ammunition and accessories....

RUAG has thus acquired all shares in Glaser Handels AG, founded in 1984, and is also taking on all 12 employees. Products supplied by RUAG's Ammotec division, Europe's market leader for small-calibre ammunition and pyrotechnic applications in the construction sector, account for a large part of Glaser Handels AG's sales.

"This acquisition is in line with RUAG Ammotec's strategy of strengthening and expanding its hunting and sports business in Europe by having its own wholesaler," says Urs Breitmeier, CEO of the RUAG Group. RUAG Ammotec already owns or has investments in sales companies in Germany, Austria, Belgium, France, the UK, Sweden, Finland, Brazil and the USA.

"The takeover by RUAG is in the interests of both my employees and myself. It offers an assurance of continuity with no loss of revenue, and opens up promising prospects," says Rudolf Schneebeli, managing director of Glaser Handels AG.