December 18, 2012
Swiss defense company Ruag has acquired Australia’s Rosebank Engineering.
Ruag says it has bought 100% of the defense company for an undisclosed sum, and that the acquisition will boost Ruag’s presence in the Asia-Pacific region.
Rosebank has 154 employees, mostly based in Melbourne. It recently established a joint venture in India, VyoneeshRosebank, that aims to provide maintenance, repair and overhaul (MRO) services to the Indian military as well as some component manufacturing.
Rosebank already provides defense MRO services to the Australian and Malaysian air forces. Ruag has the Malaysian air force as a customer too, and is primarily involved in helping to maintain Malaysia’s Northrop F-5s.
Rosebank has had some recent success in winning contracts on newer platforms as well. BAE Systems recently announced it is establishing a business in Adelaide that will manufacture components for the Lockheed Martin F-35 and that its Australian partner in the project is Rosebank. In addition, Rosebank has a 15-year manufacturing agreement with Goodrich to support F-35 actuation components.
The Australian company says its “main MRO focus is around landing gear, flight controls, hydraulics, pneumatics, pumps and complex mechanical and high-tolerance components.”
F-35B photo: U.S. Defense Department