Sale of RUAG Ammotec Completed

03.08.2022 Europe
Sale of RUAG Ammotec Completed

Sale of RUAG Ammotec Completed

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Swiss aerospace group RUAG International has transferred all shares in RUAG Ammotec to Beretta Holding as of the end of July. Both companies had signed an agreement on the sale of the business unit on March 9, 2022. As a result, Beretta Holding is taking over all business activities as well as all employees at all production and sales sites from the beginning of August 2022.

As of the beginning of August 2022, all shares in RUAG Ammotec, the small-caliber ammunition division of RUAG International, will be transferred to Beretta Holding. Beretta Holding is the family owned market leader in light firearms for hunting, sport and defense. As a result, it is also taking over all 2,700 employees at all Ammotec production and sales sites. In the parliamentary process, the sale of Ammotec had been confirmed in fall 2021, as stipulated by the Federal Council.

With the completion of the sale of Ammotec, RUAG International is taking an important step towards becoming an agile company focused on the space market. RUAG International thus still consists of the three segments Beyond Gravity (formerly RUAG Space), RUAG Aerostructures and MRO International. The latter includes RUAG Australia Pty Ltd, for which a sale agreement was signed with the Australian defense and manufacturing company ASDAM at the beginning of April 2022. The transaction is expected to be completed this year.

RUAG International is a Swiss technology company with a focus on aerospace. With production sites in 14 countries, the company is divided into three segments: Beyond Gravity (formerly RUAG Space), RUAG Aerostructures and MRO International. RUAG International employs around 3,300 people after the sale of Ammotec.

RUAG Ammotec, with its Hunting & Sports and Armed Forces & Authorities business units, is the European market leader for small-caliber ammunition, pyrotechnic elements and components. The precision ammunition for Special Forces is in demand worldwide. RUAG Ammotec is also a leader in the field of heavy metal-free ignition technologies, for example for propellant cartridges in the construction industry or for applications in automotive safety systems. Customers include hunters and sport shooters, industrial partners as well as the Swiss Army, the German Armed Forces, international armed forces, government agencies and security organizations. The company generated net sales of CHF 575 million in 2021.

 
 



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