Dassault Aviation has acquired the maintenance and FBO activities of RUAG in Geneva and Lugano, for an undisclosed sum.
Eric Trappier, chairman and CEO of Dassault Aviation, said: “The acquisition of the business aviation activities of RUAG is part of our strategy to develop a worldwide MRO network of excellence and will allow Dassault Aviation to reinforce its footprint in Switzerland.
"RUAG has been a long-time partner of Dassault Aviation as an authorized Falcon service centre. This acquisition will consolidate our network in Geneva and Lugano. Both Geneva and Lugano FBO activities will complement the full range of services offered by Dassault Aviation in Switzerland."
Urs Breitmeier, CEO at RUAG Group, added: “We are extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft.
“They are an experienced partner of RUAG and can provide a strong foundation for successfully continuing operations in Geneva and Lugano, as well as for the future of the members of our staff at both sites.”