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Israel | Mergers & Acquisitions | Other Corporation | Simulation & Training

Israel’s Elbit Acquires BVR for $34M

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Elbit Systems in Haifa, Israel, agreed to pay $34 million to acquire BVR Systems (1998) Ltd., a provider of training, simulation and debriefing systems for air, sea and ground forces. The transaction is subject to price adjustment as well as fulfillment of certain conditions, including receipt of all approvals required by law. The transaction will also include the re-employment of BVR’s employees by Elbit. The merger affects, and is affected by, BVR’s recent debt financing agreement. BVR provides a range of services to militaries around the world… AACMI on F-16(click to view full) Based in Rosh Ha’ayin, Israel, BVR provides live/embedded, virtual and constructive training for joint force, on-board and distributed simulation systems. They are most famous for their EHUD AACMI(Autonomous Air Combat Maneuvering Instrumentation System) pods, which are used to track the exact positions of aircraft participating in air combat training, for use in subsequent debriefings. Their Embedded Virtual Avionics allow trainer aircraft to simulate more advanced and costly fighters, while naval systems like NCMI and land systems like HADES allow the integration of virtual targets and AACMI data into naval platforms and air defense systems during combined exercises. The firm also produces data links and avionics, as a […]

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