03 Jan 2008 | Ref. 003/2008
BAE Systems has agreed to acquire the UK Government and Commercial software business of Petards Ltd.
The deal delivers ownership of Petards Universal Video Management System (UVMS), Advantage.net and Cobyt, software products into the ownership of BAE Systems Integrated System Technologies (Insyte). The deal also includes the capability for systems delivery and support currently provided by security software specialists at Petards Sunbury site.
Guy Griffiths, managing director BAE Systems’ Insyte said:
“BAE Systems is recognised as a leading systems integrator in the UK and export defence market and this acquisition supports the Company strategy to secure a position in the UK National Security & Resilience (NS&R) market.
“Petards have many years of experience in supplying high technology solutions and specialist engineering services to local government and security services. This acquisition perfectly blends our technological heritage with the latest innovations in product development and NS&R systems provision.
“Acquiring this level of security expertise and equipment delivers yet another fundamental building block that will provide the foundations for BAE Systems National Security & resilience capability in the future.
“This is an excellent example of partnership between an industry flagship and an SME working together to deliver mutual commercial advantage while delivering real value to customers.”
About BAE Systems:
BAE Systems is the premier global defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 96,000 employees worldwide, BAE Systems' sales exceeded £15 billion (US $27 billion) in 2006*.
*On a pro forma basis, assuming BAE Systems had owned Armor Holdings Inc. for the whole of 2006
For further information, please contact:
Mark Ritson, BAE Systems
Tel: +44 (0) 1276 603993 Mob: +44 (0) 7793 424545
mark.ritson2@baesystems.com
John Neilson, BAE Systems
Tel: + 44 (0) 1252 384795 Mob: + 44 (0)7802 337704
john.neilson@baesystems.com
Issued by:
BAE Systems, Farnborough, Hampshire GU14 6YU, UK
Tel: +44 (0) 1252 384710 Fax: +44 (0) 1252 383947
24hr media hotline: + 44 (0) 7801 717739
www.baesystems.com
