Based in Zurich, RUAG's opto electronics and instruments product unit is specialized in scientific satellite instruments and in equipment for optical communications in space. The entity employs 75 people and logged sales of 18 million Swiss francs in 2015.
Peter Guggenbach, CEO RUAG Space, said: "It is our strategic goal to be the leading supplier of space products to the industry. We focus on Space structures, mechanisms, digital-electronics and high-frequency products. I am happy that we found with Thales Alenia Space a world class company giving this business a prosperous future."
Patrice Caine, Chairman & CEO of Thales, said: "This targeted acquisition perfectly illustrates Thales' growth strategy driven by constant innovation. The unique expertise of RUAG's opto-electronic business unit strengthens Thales Alenia Space's product portfolio in the earth observation segment, and it will also open new opportunities in telecommunications and science."
Thales Alenia Space is a global leader in space systems, with an extensive line of products incorporating strategic key technologies. By adding RUAG's opto-electronic observation and communication systems, Thales Alenia Space will enhance the solutions it offers for today's Science, Earth observation and telecommunications markets. Thales Alenia Space will provide full support for its new Swiss entity, to grow its science and observation businesses by developing new technologies and products and fostering the development of optical communications, which will form a new business for Thales Alenia Space Switzerland in the medium term.
About Thales Alenia Space
Thales Alenia Space, a joint venture between Thales (67%) and Leonardo-Finmeccanica (33%), is a key European player in space telecommunications, navigation, Earth observation, exploration and orbital infrastructures. Thales Alenia Space and Telespazio form the two parent companies' “Space Alliance”, which offers a complete range of services and solutions. Because of its unrivaled expertise in dual (civil/military) missions, constellations, flexible payloads, altimetry, meteorology and high-resolution optical and radar instruments, Thales Alenia Space is the natural partner to countries that want to expand their space program. The company posted consolidated revenues of 2.1 billion euros in 2015, and has 7,500 employees in eight countries. www.thalesaleniaspace.com