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BAE Systems has announced a definitive agreement to acquire Bohemia Interactive Simulations (BISim), a software developer for military training solutions. Founded in 2001, BISim employs over 325 personnel across multiple countries including the U.S., UK, and Australia. This acquisition aims to enhance military readiness by integrating BISim's simulation products with BAE Systems' system integration expertise. The transaction is subject to customary regulatory approvals and is expected to expand BAE's capabilities in defense applications.
Positive
Acquisition enhances military readiness and provides customers access to innovative training solutions.
Expected synergies from combining BISim's training products with BAE's system integration experience.
Negative
None.
FALLS CHURCH, Va.--(BUSINESS WIRE)--
BAE Systems has entered into a definitive agreement to acquire Bohemia Interactive Simulations (BISim), a global software developer of simulation training solutions for military organizations. Over the coming months, the company will undertake the customary regulatory and pre-closing activities necessary to complete this type of international transaction.
Founded in 2001 and headquartered in Orlando, Fla., BISim has more than 325 employees, including in the United States, UK, Australia, the Czech Republic, and Slovakia. Using the latest game-based technology, the experienced BISim team of engineers develops high-fidelity, cost-effective training and simulation software products and components to meet the growing demand for defense applications.
With the successful completion of this acquisition, BAE Systems customers would have access to the company’s extensive and proven system integration experience complemented by BISim’s innovative training products and solutions to enhance military readiness for the U.S. and our allies.
DLA Piper is serving as legal counsel to BAE Systems. Raymond James is serving as the exclusive financial advisor to BISim, and Jones Day is serving as legal counsel to BISim.
What is the purpose of BAE Systems' acquisition of BISim?
The acquisition aims to enhance military readiness by integrating BISim's simulation training solutions with BAE Systems' system integration expertise.
When was the acquisition of Bohemia Interactive Simulations announced?
BAE Systems announced the acquisition of Bohemia Interactive Simulations on November 11, 2021.
How many employees does Bohemia Interactive Simulations have?
Bohemia Interactive Simulations employs over 325 people globally.
Which countries does BISim operate in?
BISim operates in several countries including the United States, UK, Australia, Czech Republic, and Slovakia.
What impact is expected from the acquisition on BAE Systems' capabilities?
The acquisition is expected to expand BAE Systems' capabilities in defense applications and improve military training solutions for its customers.
