BAE SYSTEMS PLC Acquisition Completion (7707D)
07 March 2022 - 10:00PM
UK Regulatory
TIDMBA.
RNS Number : 7707D
BAE SYSTEMS PLC
07 March 2022
7 March 2022
BAE Systems completes Bohemia Interactive Simulations
acquisition
Further to the announcement of 11 November 2021, BAE Systems has
completed the acquisition of Bohemia Interactive Simulations
(BISim) after receiving regulatory and customary approvals. The
consideration of $200 million (approximately GBP150 million),
subject to customary closing adjustments, has been funded from BAE
Systems' existing cash resources.
BISim is a leading developer of advanced military simulation and
training software using the latest game-based technology to deliver
innovative, high-fidelity cost-effective training software products
and related services. BISim will expand our modelling and
simulation capabilities to meet evolving customer needs in the
growing market for global military training, helping to protect
military personnel, reduce the current environmental impacts of
live training and support the carbon net zero ambitions of our
customers and ourselves.
BISim's market-leading virtual and constructive simulation
products are used within all branches of the US military and by
more than 60 countries worldwide. Headquartered in Orlando,
Florida, BISim has more than 325 employees around the world in
countries including the United States, United Kingdom, Australia,
the Czech Republic and Slovakia. BISim will join BAE Systems'
Intelligence & Security sector.
Issued by:
Martin Cooper - Investor Relations Director
BAE Systems plc
London
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