Rafael Acquires UK’s Pearson Engineering

Our Bureau - : Sep 29, 2022 - : 3:35 pm

Rafael Advanced Defense Systems Ltd. has completed the acquisition of Pearson Engineering Ltd. (PER). The acquisition was executed under a Stock Purchase Agreement (SPA), transferring 100% of the ownership. The acquisition includes PER's subsidiary company Responsive Engineering Ltd. "This acquisition...

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"This acquisition is part of Rafael's continued strategic investments, with the purpose of transferring cutting-edge, state-of-the-art technologies, products and systems into the United Kingdom, in support of UK national security and prosperity," said M.G (ret.) Yoav Har Even, Rafael's President and CEO in the official Pearson Engineering’s press release on Wednesday (Sept. 28). "Until recently, most of Rafael's operations in the UK were in partnership with UK prime contractors, with the majority of workshare manufactured in Israel. Pearson and Responsive Engineering's activity is supported by an outstanding legacy of excellence in innovation.”

“By acquiring this company, we will be able to enhance and expand PER's manufacturing capabilities in the UK, thus strengthening our UK supply chain to better support our customers, especially the UK MOD and British armed forces. This will lead to a significant increase in the number of jobs in Newcastle and will build strong links with academic institutions throughout the UK and specifically in North East England," he added.

"Pearson Engineering is immensely proud of its life-saving combat engineering systems, which are used by land forces worldwide,” said Craig Priday, Pearson Engineering Managing Director. “This acquisition will not only allow us to enhance our existing product portfolio but will enable the development of innovative, class-leading products and capabilities.”

“Rafael's ambition for Pearson and Responsive brings valuable growth and stability, for our employees, our trusted supply partners in the region, and the wider community in the North East. It will undoubtedly create more jobs and generate exciting career opportunities within both companies," he concluded.

Pearson Engineering and its subsidiary Responsive Engineering are based in Armstrong Works, Newcastle. They have more than three decades of experience in providing manufacturing, assembly, integration, and test services for armored vehicle programs in the United Kingdom.

Rafael Advanced Defense Systems is an Israeli-based defense company specializing in high-tech defense systems, such as the TROPHY active protection system, vehicle armor solutions, counter IED technologies and many others.

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