Plasan Acquires Controlling Interest in Artis LLC

Plasan, a global leader in the development, design and manufacture of integrated survivability systems for the defense and homeland security market, today announced the acquisition of controlling interest in Artis LLC, a Virginia-based engineering company known for its Iron CurtainTM Active Protection System (APS).

Artis LLC’s unique engineering and design capabilities will enhance Plasan’s ability to provide the best possible survivability solution against current and future threats with their unique know-how and APS technology. Integration of Iron CurtainTM - the most advanced APS for protecting today’s tactical wheeled vehicles (TWV) - into Plasan’s lightweight armor and crew protection systems, will provide our customers with an optimized solution suite.

The incorporation of Artis LLC’s exceptional design and engineering skills into Plasan’s US-based subsidiary, Plasan North America, will open up new market opportunities and enhance Plasan’s ability to best support its customers’ challenging needs.

The Artis acquisition is the latest in a series of moves by Plasan to consolidate its position as the leading developer of survivability solutions for tactical wheeled vehicles used in the defense and homeland security markets. Plasan's recent efforts include Armored Chariots LLC, a joint venture with TPI Composites Inc. of Scottsdale, Arizona to produce next-generation crew compartments for U.S. military vehicles at a facility in Warren, Rhode Island.

Source: Plasan
Date: Mar 7, 2012