SubscribeAcquisition will expand company's capabilities in training and simulation solutions
BAE Systems has entered into a definitive agreement to acquire the Swedish high-tech company Pitch Technologies AB (Pitch) for a cash consideration of 61.3 MSEK.
Computer-Based Training and Research Simulation Technologies
Founded in 1991 and headquartered in Linköping, Sweden, Pitch is aninnovator of computer-based training and research simulation technologies. Some of the largest and most complex simulation programs in governments and industries worldwide, including those in NASA, Boeing and Mitsubishi, employ Pitch’s state-of-the-art simulations products, services and solutions.
“The addition of Pitch to the BAE Systems family creates aworld-class capability that will set a new standard for enterprise-level simulation interoperability and solutions for training and simulation," said Claes Erik Frölund, President of BAE Systems C-ITS business in Sweden.
The BAE Systems acquisition of Pitch is an advantageous one for both companies given that the C-ITS primary product line includes military training and simulation, air traffic control simulators and advanced distributed learning platforms.
Staffan Löf, President and CEO of Pitch Technologies said, "Being a party of BAE Systems gives us an excellent position for further development of our innovative products and technologies. It opens up new markets and key accounts worldwide. On the services side there are also considerable synergies between our infrastructure and architecture know-how and BAE Systems capabilities to realize innovative training and simulation solutions.”
The expanded offerings are showcased at the BAE Systems and Pitch Technologies booths (3818 and 1400, Hall B) during this week’s Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) in Orlando, FL.
In Sweden, BAE Systems AB employs 2,000 people in three subsidiary companies with a turnover of 4,500 BSEK (appx. £320m).
About Pitch Technologies
Pitch Technologies is a leading provider of innovative state-of-the-art interoperability products, services and solutions for development of distributed systems. Pitch is heavily involved in the development of international interoperability standards and has received numerous awards and certifications for its achievements and technology.