Rafael is expanding its presence in Europe

By Arie Egozi

Rafael has completed the acquisition of British company Pearson Engineering. 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.

The company designs products which help combat forces to defend, move and fight and to adapt quickly to maintain their battlefield advantage. According to the company it provide  ‘scalable battlefield mobility’ based on delivering attachments for armored vehicles which enhance their agility, adaptability and flexibility and which provide essential mission capabilities to Commanders.

“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”, says M.G (ret.) Yoav Har Even, RAFAEL’S President and CEO. “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.”


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