Beretta Holding acquires RUAG Ammotec
RUAG Ammotec currently holds over 340 patents. (Photo: RUAG International)
Beretta Holding will take over all business activities, all 2,700 employees as well as the production and sales sites of the small-calibre ammunition division of RUAG International.
Swiss aerospace group RUAG International announced on 02 August that it has transferred all shares in RUAG Ammotec (its small-calibre ammunition division) for an undisclosed sum to Beretta Holding as of the end of July.
From this month, Beretta Holding will take over all business activities, all 2,700 employees as well as the production and sales sites of RUAG Ammotec. Both companies had signed an agreement on the sale of the business unit on March 9, 2022.
A part of small-calibre ammunition, RUAG Ammotec also produces pyrotechnic elements and components, precision ammunition for special forces and heavy metal-free primer elements. Currently, it holds over 340 patents.
In May, RUAG International sold RUAG Simulation & Training (S&T) to Thales. In April, the manufacturer agreed to sell its Australian military and civil aerospace MRO business to ASDAM, and the transaction is expected to be concluded this year.
With the completion of the sale of Ammotec, RUAG International will now focus on the space market. The company thus still consists of three segments: Beyond Gravity (formerly RUAG Space), RUAG Aerostructures and MRO International.
More from Land Warfare
-
![Elbit Systems awarded $60 million contract to supply CUAS to NATO European country]()
Elbit Systems awarded $60 million contract to supply CUAS to NATO European country
The company's ReDrone Counter-UAS solution will sit at the heart of the contract.
-
![Rheinmetall awarded contract to supply Gepard 35mm ammunition to Ukraine]()
Rheinmetall awarded contract to supply Gepard 35mm ammunition to Ukraine
Ukraine is operating ex-German Army Gepard air-defence guns donated more than two years ago.
-
![Italy set to begin evaluation of KF41 IFV]()
Italy set to begin evaluation of KF41 IFV
The KF41 is entering service in Hungary and a version of it is in the running to meet the US XM30 requirement. An order from Italy could be for as many as 1,050 vehicles.
-
![Egypt approved for $4.7 billion upgrade of its Abrams main battle tanks]()
Egypt approved for $4.7 billion upgrade of its Abrams main battle tanks
The approval is for the upgrade of 555 of Egypt’s M1A1 Abrams tanks into M1A1SA configuration.
-
![British soldiers successfully complete anti-drone EW test firing]()
British soldiers successfully complete anti-drone EW test firing
The system beams radio waves to disrupt or damage the critical electronic components of enemy vehicles causing them to stop in their tracks or fall out of the sky. It has been described as costing only £0.10 (US$0.12) per shot.
