05 April 2022
by Marc Selinger
Crouzet's products include this actuator for the arming system of an armoured ground vehicle. (Tikehau Ace Capital)
French private equity firms Tikehau Ace Capital, Bpifrance, and Société Générale Capital Partenaires have entered into exclusive negotiations to acquire France-based aircraft parts manufacturer Crouzet, the prospective buyers announced on 4 April.
The future owners plan to use their combined financial firepower and Tikehau's “in-depth knowledge of the aerospace industry” to help Crouzet expand into new geographies and new markets, the announcement said. Tikehau's investors include aerospace manufacturers Airbus, Dassault Aviation, Safran, and Thales, as well as shipbuilder Naval Group.
The transaction is expected to close in mid-2022. Private equity firm LBO France has owned Crouzet since 2018.
Founded in 1921 Crouzet employs around 1,300 people and serves commercial and military aircraft, including the Dassault Rafale fighter jet. Its products include cockpit controls, electrical protection equipment, electromechanical actuators, sensors, and switches.
Crouzet has made several acquisitions of its own. It bought sensor maker Garos and switch maker Microprecision Electronics in 2019, and purchased a stake in machine shop Chambon in 2020.
29 April 2024
by Nicholas Fiorenza
The AA signed a second executive contract with Hanwha on 25 April for 72 K239 Chunmoo MRLs (pictured), several thousands of missiles, and technology transfer. (Hanwha Aerospace)
The Polish Armaments Agency (AA) signed a second executive contract with Hanwha Aerospace for 72 K239 Chunmoo multiple rocket launchers (MRLs) on 25 April, the Polish Ministry of National Defence (MND) and the South Korean company announced the same day. The USD1.6 billion contract also covers the delivery of several thousands of missiles with ranges of 80–290 km, including the 600 mm CTM290, and technology transfer.
The Polish MND said on its website that it expected the contract to have a significant impact on the development of the Polish defence industry, with the technologies acquired allowing the establishment of a capability to carry out repairs and modernisation, as well as produce spare parts for the MRLs and launch pods for 122 mm rockets produced by MESKO, part of Polska Grupa Zbrojeniowa (PGZ).
24 April 2024
by Jeremiah Cushman
Saab has developed an autonomy package for its CB 90 fast boat and demonstrated its ability to navigate the Swedish coast. Pictured above is a CB 90 that was delivered to Malaysia. (Dockstavarvet)
Saab has established a new business function to revamp how it develops and delivers products to meet changing customer requirements. Skapa, a Swedish word that means “to create, to make, or to shape”, will focus on solving customer and stakeholder problems at speed, Erik Smith, president and CEO of Saab in the United States, told reporters on 23 April. “Skapa will accelerate the development and deployment of cutting-edge solutions to our warfighters” at pace, he said.
24 April 2024
by Giles Ebbutt
The XR Training consortium's USMC Amphibious Combat Vehicle driver simulator in its seat configuration with two DoF motion platform. The Vive HTC Elite headset is on the seat. The Instructor station laptop is on the table behind. (XR Training)
A consortium led by XR Training has been awarded a contract by the US Marine Corps (USMC) under an Other Transaction Agreement (OTA) to produce a driver training simulator for the new Amphibious Combat Vehicle (ACV). The value of the contract was not disclosed but Neil Levin, XR Training CEO, told Janes that it was “in the high seven-figure area”.
The consortium, which also includes Talon Simulations (hardware), 302 Interactive (software development), and Theory Studios (modelling and visuals), will deliver 81 simulators by the end of 2024, followed by a two-year training and sustainment period. Most simulators will be deployed to Camps Pendleton and Lejeune, with some for use for “schoolhouse” training and some for deploying units.
French private equity firms Tikehau Ace Capital, Bpifrance, and Société Générale Capital Partenaires...
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