- Sector: Infrastructure Software & Cybersecurity
- Deal Type: Strategic Deals; Public Deals
- Engagement type: Sellside
- Size: <$200m
Arma Partners is pleased to announce that it acted as the exclusive financial adviser to General Dynamics European Land Systems Santa Barbara Sistemas on the sale of its ordnance and tactical systems business in Palencia, Spain to Nammo AS.
This transaction demonstrates the changing nature of the international Aerospace & Security industry and its continuing consolidation, each segment of the industry being increasingly defined by a small group of companies with the necessary capabilities and experience.
General Dynamics is a market leader in business aviation; land and expeditionary combat vehicles and systems, armaments, and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. With revenue of approximately $32 billion and 95,000 employees, General Dynamics operates around the world, serving government and commercial customers in more than 40 countries.
Headquartered in Norway, Nammo Group is a Norwegian-Finnish technology-driven aerospace and defence group specialising in the development, production and sale of military and sports ammunition, shoulder-launched weapon systems, rocket motors for military and space applications, and global services for environmentally-friendly demilitarization. Nammo has 2,000 employees and is present in 8 countries.
This transaction, Arma’s first in the Aerospace & Security market, demonstrates the increasing convergence between this industry and the broader Communications, Media & Technology sector.