British multinational armaments, security and aerospace group BAE Systems will acquire a majority stake in Czech company Bohemia Interactive Simulations (BISim), a global developer of simulation training solutions software for military organizations, the Global private equity firm The Riverside Company, the British company announced in its release.
“During our partnership with Bohemia, we have developed an extremely strong working relationship,” commented Martin Scott, Riverside partner. “We’ve helped them grow from a single product business to a three, soon to be four product business, internationalize sales into an unrivaled ecosystem of more than 360 customers in 63 countries, build a scalable operational infrastructure and professional management team, as well as supported two generations of the company’s flagship product development, ”added Scott.
The company is subject to the usual regulatory and closing conditions to perform the translation. The price of the transaction was not disclosed.
“Bohemia Interactive Simulations is one of the world leaders in this field. They model specific combat situations for armies, so that soldiers are familiar with the terrain, and military commanders are affected by their decisions. So billions of dollars, “Petr Polacek, computer games expert and former head of marketing at Bohemia Interactive, the former” mother “of BISim, told the daily. Hospodarske Noviny.
According to BAE, once the acquisition is complete, BAE Systems customers would have access to the company’s systems integration experience, complemented by BISim’s innovative training products and solutions to enhance U.S. military readiness. United and their allies.
“This Bohemia sale project represents the 14th release of Riverside Europe Fund IV, delivering another solid result for our LPs. I am proud of our long and successful partnership with the Bohemia team and look forward to taking the next step in their history with BAE Systems, ”said Karsten Langer, Managing Partner of Riverside Europe.
“With strategic advice and financial support from Riverside, we have transformed Bohemia into a true global leader and laid the groundwork for an exciting and continued growth story with our new owner, BAE Systems,” added Arthur Alexion, CEO of Bohemia.
