RUAG International has recently transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe).
4 March 2021: General Atomics Europe has taken over the maintenance activities for private aircraft and military aircraft from RUAG Aerospace Services. RUAG International has recently transferred all shares in RUAG Aerospace Services GmbH to General Atomics Europe (GA-Europe).
GA-Europe will be taking over all business activities and approximately 420 employees. Apart from this, they will also take over the production and maintenance of the Dornier 228 aircraft at the Oberpfaffenhofen site. At the Oberpfaffenhofen site, RUAG International continues to employ 800 people in aerostructures construction (RUAG Aerostructures). This business segment is not affected by the sale.
Felix Ammann, former Managing Director of RUAG Aerospace Services GmbH, said “We are very pleased with the successful conclusion and wish General Atomics Europe every success for the future. We are convinced that they bring excellent prerequisites with them to successfully continue the business activities and sustainably secure the jobs for the future.”
Harald Robl, Managing Director of General Atomics Europe added, “With this acquisition, GA-Europe is sustainably strengthening its market positioning in the aviation business. We have developed a strategic concept for the future that will open up new growth and value creation prospects for the Oberpfaffenhofen site, far beyond the existing business areas, despite the current economic crisis.”
The sale is in line with the concept for the unbundling and realignment of RUAG International approved by the Swiss Federal Council on 15 March 2019. The parties have agreed not to disclose the contractual terms.
