The MoD of Slovenia, Rotis Plus and Patria sign a Settlement Agreement

The Ministry of Defense of the Republic of Slovenia (MoD), Rotis Plus d.o.o. and Patria have signed a Settlement Agreement governing the AMV vehicle supply contract and the related offset agreement signed in 2006.

The settlement includes a change of the fleet size to consist of 30 Svarun vehicles that have already been delivered and closing down the rest of the project and thus the supply contract. With this settlement the original offset agreement is deemed fulfilled. Patria will take over the life cycle support for the delivered vehicles from Rotis Plus.

“Defense industry needs to adapt to changes in the existing and new possible customers’ demands and possibilities. The economic situations will change and so do the technologies used. Consequently, our policy is to look for reasonable solutions in different situations whenever possible. This settlement will make it possible for all the parties to focus on their future”, says Seppo Seppälä, President, Patria Land Services.

“We are proud to have the Slovenian government as one of the satisfied users of Patria AMV vehicles and will continue to provide life cycle support for them”, continues Seppälä.

Source: Patria Oyj
Date: Sep 5, 2012