BAE's US subsidiary acquires training, simulation software company
- By Ross Wilkers
- Nov 12, 2021
More than one year on from its big-ticket acquisition, BAE Systems’ U.S. subsidiary has become a buyer again with its agreement to purchase simulation and training software developer Bohemia Interactive Solutions.
Terms of this latest transaction announced Thursday were undisclosed, nor was the timing of closure beyond the “coming months” after the necessary regulatory and pre-closing activities.
BAE Systems Inc. did say the company also known as BISim has approximately 325 employees.
Orlando, Florida-headquartered BISim was founded in 2001 and uses what it calls game-based technology to design the training software for military organizations mostly in the NATO alliance.
BISim was originally stood up in Australia and maintains a presence there along with other international locations such as the U.K., Czech Republic, Germany and Poland.
For BAE, this transaction for the subsidiary internally known as “Inc.” is its first since the $1.9 billion acquisition of the Collins Aerospace military GPS business from then-parent Raytheon Technologies as the latter was required to divest that organization.
Raymond James & Associates is acting as the exclusive financial adviser to BISim and Jones Day is the selling company’s legal counsel. DLA Piper is acting as legal counsel to BAE.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at firstname.lastname@example.org. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.