HPP assisted RUAG Space, a leading supplier of equipment to the global space industry, in its acquisition of a space technology and services unit from Patria the leading Finnish defence, security and aviation technology and services provider. According to Urs Breitmeier, CEO of RUAG: “ The acquisition of Patria’s Space unit gives us the opportunity to broaden our technology base and to enhance our product portfolio in the area of Space Electronics. This will help us further improve our position particularly in the commercial Satellite market”.
RUAG Space, which belongs to the RUAG Group, is Europe’s leading equipment supplier to the space industry. With 1,150 employees at seven sites in Switzerland, Sweden and Austria, the RUAG Space Division recorded total sales of 299 million Swiss Francs in 2013.
The key members of the HPP team included Partner Björn Nykvist and Associates Sami Tenhunen and Aleksei Hanninen.
For more information about the transaction, please see RUAG’s press release.
