• 01.06.2016
  • Space, Group
  • Media release

RUAG closes sale of OEI Opto AG

RUAG has closed the sale of OEI Opto AG to the aerospace company Thales Alenia Space. On 2 November, the two companies signed an agreement to complete the transaction, and the deal was announced by both companies in July. Thales Alenia Space will retain all OEI Opto AG’s current employees....

Zurich-based OEI Opto AG, formerly a subsidiary of RUAG Space, is specialised in the development of scientific satellite instruments and in equipment for optical communications in space. The entity employs 75 people and recorded sales of 18 million Swiss francs in 2015.

Peter Guggenbach, CEO RUAG Space, expressed satisfaction with the closure of the transaction: "Closing the sale of OEI Opto AG is another important step on the path to implementing our product strategy for launchers and satellites. I'm delighted that we have succeeded in finding a buyer for this unit that will focus on building a successful future for the business at its Zurich location while retaining the current workforce."