Continuing its transformation into a space company, Switzerland’s RUAG International has agreed to sell its Australian aircraft maintenance subsidiary to Australia’s Asdam Group.
On 1 April RUAG said that it expects to complete the transaction in the “coming months” after receiving regulatory approval. Financial terms of the deal were not disclosed.
RUAG Australia performs several activities, including aerostructures manufacturing and aviation maintenance, repair, and overhaul (MRO). It supports military aircraft such as the Lockheed Martin F-35 Joint Strike Fighter, the Boeing F/A-18F Super Hornet, and the Sikorsky MH-60R Seahawk helicopter. It employs more than 150 people at facilities across Australia and is part of RUAG’s MRO International division.
RUAG CEO André Wall called the sale “the perfect match” for RUAG Australia because it “successfully continues the current business activities and sustainably secures jobs for the future”.