The Sale of Patria’s Space unit to RUAG is now confirmed
Patria has now sold its Space unit to RUAG according to the agreement made in December 15, 2014. The transaction included the business operations and assets of the Space unit of Patria Systems business unit. The 29 employees of Patria’s Space unit in Tampere are now employed in the newly founded company RUAG Space Finland.
Patria’s Space has delivered turnkey equipment for different spacecraft demands. The key product areas are spacecraft control electronics, electrical power subsystems, electronic units and related test equipment. The personnel has been very successful and active in various European Space Agency’s (ESA’s) programs, such as Sentinel-2, EarthCARE, Swarm and Gaia. Currently on-going Solar Orbiter, where Patria is responsible for the spacecraft electrical power subsystem, can be seen a long and successful continuum from Rosetta power electronics equipment deliveries over the last ten years.
“The Space unit has now a better growth basis and has more possibilities to develop further as a part of RUAG Group, where space is defined as a strategic priority”, says Jukka Holkeri, Chief Strategy Officer at Patria.
Further information:
Jukka Holkeri, Chief Strategy Officer, Patria, +358 40 869 2008, [email protected]
Jiri Paukert, Senior Public Relations Manager, RUAG, +41 31 376 64 92, [email protected]
Patria is a trusted provider of defence, security and aviation life cycle support services and technology solutions. Besides Finland, the Group has operations in Sweden, Norway, Estonia, Poland, the United Arab Emirates, the United States, and South Africa. Patria employs 2,800 professionals.
www.patria.fi
RUAG Space 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. RUAG is an international technology group for the aerospace and defence markets. Its head office is in Bern, Switzerland. RUAG's production facilities are located in Switzerland, Germany, Sweden, France, Austria, Hungary, Australia and the United States. RUAG has about 8,200 employees worldwide, including 414 trainees in 23 different professions.
www.ruag.com
