Sagem (Safran group) announced today at the Eurosatory land defense exhibition that it has signed an agreement to acquire Optovac Mecânica e Optoeletrônica Ltda, a Brazilian company specialized in optronics and night vision equipment. It is one of the small businesses in Brazil that has been recognized by the Ministry of Defense, which has all the assets needed to become a Strategic Defense Company.
The acquisition reflects Sagem’s strategy based on developing local partnerships with the Brazilian defense industry.
Sagem plans to support Optovac’s growth, making it a benchmark player in optronic systems, components and technologies.
Optovac will produce and support a wide range of equipment drawing on Sagem’s expertise. Its business will also include the local development of solutions meeting the requirements of Brazil’s armed forces.
Source: Safran S.A. (Paris: SAF.PA)
Date: Jun 14, 2012