The O'Gara Group Enters Agreement To Acquire BAE Systems Commercial Armored
CINCINNATI, Oct. 16, 2012
CINCINNATI, Oct. 16, 2012 /PRNewswire/ --The O'Gara Group, Inc., a global
provider of security products and services, announced today that it has
entered into a definitive purchase agreement with BAE Systems Survivability
Systems LLC to acquire BAE Systems Commercial Armored Vehicles LLC. BAE
Systems Commercial Armored Vehicles armors selected vehicle models for both
government and commercial customers as well as producing transparent armor for
the commercial and military markets.
This acquisition will reunite the founders of The O'Gara Group with the former
O'Gara-Hess & Eisenhardt Armoring Company, which they built into one of the
largest armored vehicle manufacturers in the world before its sale to Armor
Holdings in 2001 and its eventual purchase by BAE in 2007. With this
acquisition, The O'Gara Group solidifies its position as a significant
supplier of armored vehicles in the US. The O'Gara Group currently has vehicle
armoring facilities in San Antonio, TX and Fairfield, OH.
"We are pleased to have entered into an agreement to acquire the BAE Systems
Commercial Armored Vehicles," said Wilfred "Bill" O'Gara, CEO of The O'Gara
Group. "We look forward to continuing the growth of our commercial armoring
business and expanding the transparent armor business. This acquisition not
only restores our heritage, it also advances our position and agility in the
commercial armor market."
The acquisition is anticipated to close in the fourth quarter of 2012 and is
subject to customary closing conditions. The purchase price was not
The O'Gara Group is a global provider of risk mitigation and enhanced
capability products and services supporting defense and security. The business
helps customers effectively protect and preserve lives and assets by improving
their ability to prepare for, respond to, and recover from conflicts, civil
unrest, acts of terrorism, violent crime and other hazards such as
environmental and natural disasters. Customers include governments, military,
homeland security, and commercial customers. The O'Gara Group operates through
three divisions: Training and Services, Sensor Systems and Mobile Systems.
If you would like more information, or to schedule an interview with Bill
O'Gara, please call Robert Jablonski at 513.773.3344 or email Bob at
SOURCE The O'Gara Group, Inc.
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