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W5 Solutions intends to acquire Kongsberg Target Systems

Source: W5 Solutions / Defence Industry Europe

W5 Solutions has signed a Letter of Intent to acquire the Norwegian company Kongsberg Target Systems one of the world’s leading suppliers that develops, manufactures, and sells electronic target systems with an international customer base.

According to W5 Solutions, the initial purchase price amounts to a total of approximately MSEK 45.2, of which MNOK 20 (MSEK 20.2) will be paid in cash, and MSEK 25 will be settled in the form of consideration shares in W5 Solutions.

The acquisition is conditional on W5 Solutions conducting satisfactory due diligence of KTS and the parties agreeing to enter into a share purchase agreement. The signing of the share purchase agreement and completion of the acquisition is scheduled for March.




W5 Solutions and KTS have been collaborating for several years, and through this acquisition, W5 Solutions reinforces and ensures the future digitalisation within the Live-Fire Training business area. KTS also has a strong international position, with a presence in over 35 countries, including the US, where it has well-established business networks. In addition, KTS has launched a unique software platform for electronic shooting that enables W5 Solutions and KTS to set the global standard for both the military and the civilian market.

 

Learn more – visit W5 Solutions website.

 

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