More than one year on from its big-ticket acquisition, BAE Systems’ U.S. subsidiary has become a buyer again with its agreement to purchase simulation and training software developer Bohemia Interactive Solutions.
Terms of this latest transaction announced Thursday were undisclosed, nor was the timing of closure beyond the “coming months” after the necessary regulatory and pre-closing activities.
BAE Systems Inc. did say the company also known as BISim has approximately 325 employees.
Orlando, Florida-headquartered BISim was founded in 2001 and uses what it calls game-based technology to design the training software for military organizations mostly in the NATO alliance.
BISim was originally stood up in Australia and maintains a presence there along with other international locations such as the U.K., Czech Republic, Germany and Poland.
For BAE, this transaction for the subsidiary internally known as “Inc.” is its first since the $1.9 billion acquisition of the Collins Aerospace military GPS business from then-parent Raytheon Technologies as the latter was required to divest that organization.
Raymond James & Associates is acting as the exclusive financial adviser to BISim and Jones Day is the selling company’s legal counsel. DLA Piper is acting as legal counsel to BAE.
About the Author
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at [email protected] Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.
E-Mail this page
Sign up for our newsletter.
Too often marketing, BD, capture and proposal groups operate in silos, often with disastrous results. Here’s how you can get them to work together. Read More
Requirements are growing for supply chain risk management and contractors need to embrace them not just as a business necessity but as a competitive differentiator. Read More
A veteran of the small business world offers sage advice on four crucial consideration to prepare for when your company leaves the confines of the small business tier. Read More