Swiss aerospace group RUAG International has transferred all shares in RUAG Ammotec to Beretta Holding as of the end of July. Both companies had signed an agreement on the sale of the business unit on March 9, 2022. As a result, Beretta Holding is taking over all business activities as well as all employees at all production and sales sites from the beginning of August 2022.
As of the beginning of August 2022, all shares in RUAG Ammotec, the small-caliber ammunition division of RUAG International, will be transferred to the Italian Beretta Holding. Beretta Holding is the family-owned market leader in light firearms for hunting, sport and defense. As a result, it is also taking over all 2,700 employees at all Ammotec production and sales sites. In the parliamentary process, the sale of Ammotec had been confirmed in fall 2021, as stipulated by the Federal Council. With the completion of the sale of Ammotec, RUAG International is taking an important step towards becoming an agile company focused on the space market.
RUAG International thus still consists of the three segments Beyond Gravity (formerly RUAG Space), RUAG Aerostructures and MRO International. The latter includes RUAG Australia Pty Ltd, for which a sale agreement was signed with the Australian defense and manufacturing company ASDAM at the beginning of April 2022. The transaction is expected to be completed this year.
