Elbit Systems Ltd. has acquired BAE Systems Rokar International Ltd. for approximately $31 million to enhance its precision fire solutions technology.
Target Information
Elbit Systems Ltd. has announced the acquisition of BAE Systems Rokar International Ltd. ("Rokar"), located in Jerusalem, Israel, for approximately $31 million, net of any cash. Rokar is industry-renowned for its expertise in the development, manufacture, integration, and support of advanced GPS receivers and guidance systems tailored for defense applications.
This acquisition aligns with Elbit Systems' strategy to enhance its capabilities within high-demand sectors such as precision fire solutions, integrating Rokar's cutting-edge technology to strengthen their offerings in the defense market.
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Industry Overview in Israel
Israel's defense industry is one of the most advanced globally, driven by continuous innovation and technological advancements. The country has a robust ecosystem of defense technology companies collaborating with government bodies, m
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Elbit Systems Ltd.
invested in
BAE Systems Rokar International Ltd.
in 2021
in a Buyout deal
Disclosed details
Transaction Size: $31M