Ruag sells parts of its business in Bavaria


PETER KLAUNZER

Ruag sells further parts of its international activities in Germany. The group cedes the areas of maintenance, repair and operation for business aircraft and military helicopters in the Bavarian town of Oberpfaffenhofen.

The General Atomics Europe technology group is taking over the maintenance, repair and operation of business aircraft and military helicopters from Ruag International in Oberpfaffenhofen. According to a report from Ruag International on Friday, the manufacture and maintenance of the Dornier 228 aircraft will also go to the new owners.

According to the announcement, the two companies signed an agreement on the takeover on September 30th. This is still subject to the approval of the authorities, but Ruag is expecting implementation this year, it said. The parties had agreed not to disclose the financial modalities.

The 450 employees who work in the relevant areas will be taken over by the new owners, as the communiqué continues.

The sale is part of a restructuring of Ruag. In spring 2019, the Federal Council decided to split the group into a new holding company with two legally and financially independent sub-holding companies: on the one hand, Maintenance, Repair and Operation (MRO) Switzerland, which works for the army, and, on the other, Ruag International for the others Business areas.

The international part consists of the aerospace and aircraft structural parts divisions, which will form the future core business. The aerospace structure division with 800 employees in Oberpfaffenhofen will remain in the possession of Ruag.

The ammunition division, the cybersecurity business and the maintenance division MRO International, which includes the military simulation and training business, are to be sold completely. In this context, Ruag sold the two locations specializing in business jets at Geneva-Cointrin and Lugano-Agno airports in July 2019. After the sale of the units that do not fit into this new, civil-oriented group, the international aerospace technology company is to be gradually privatized.

Published: October 16, 2020, 2 minutes ago


Source link by https://www.blick.ch/wirtschaft/maschinenindustrie-ruag-international-verkauft-geschaeftsteile-in-oberpfaffenhofen-id16147010.html

*The article has been translated based on the content of Source link by https://www.blick.ch/wirtschaft/maschinenindustrie-ruag-international-verkauft-geschaeftsteile-in-oberpfaffenhofen-id16147010.html
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

These were the details of the news Ruag sells parts of its business in Bavaria for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at en24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Al-Ruqan loan for pensioners.. up to 3 million pounds in several...
NEXT Death toll in Jenin, Jerusalem climbs to five