Aerospace and defense company RUAG is selling its Swiss business aviation sites to Dassault Aviation.
In line with the strategic direction of the Swiss Federal Council and the decision taken to unbundle the RUAG Group, RUAG has decided to sell both its Geneva and Lugano sites to the French aerospace group.
Urs Breitmeier, CEO of the RUAG Group said, “I am extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft. They are an experienced partner and can provide a strong foundation for successfully continuing operations in Geneva and Lugano, as well as the future for the members of staff at both sites.”
RUAG said the sale will allow it to focus on the space and aerostructures markets. Dassault Aviation will acquire all shares of RUAG Business Aviation.
“The acquisition of the RUAG sites in Geneva and Lugano will allow Dassault Aviation to reinforce its footprint in Switzerland, a key place for business aviation in Europe, while consolidating Falcon maintenance activities controlled by the Dassault Aviation Group,” said Eric Trappier, chairman and CEO of Dassault Aviation.