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The O'Gara Group Acquires BAE Systems Commercial Armored Vehicle Division And Transparent Armor Business

The O'Gara Group Acquires BAE Systems Commercial Armored Vehicle Division And
                          Transparent Armor Business

PR Newswire

CINCINNATI, Feb. 25, 2013

CINCINNATI, Feb. 25, 2013 /PRNewswire/ --The O'Gara Group, Inc., a global
provider of security and defense products and services, announced today that
it has completed the purchase of BAE Systems Commercial Armored Vehicles LLC
and has renamed the business O'Gara-Hess & Eisenhardt Armoring Company LLC.

This acquisition greatly expands the capacity of O'Gara's Mobile Systems
division, which currently designs, develops and manages the integration of
highly engineered ballistic and blast systems to provide security vehicles
with the highest levels of protection to counter terrorism. This acquisition
reunites the former owners of, and many members of management and other
personnel from, the former O'Gara-Hess & Eisenhardt Armoring Company, which
was one of the largest armored vehicle manufacturers in the world before its
sale to Armor Holdings in 2001 and its eventual purchase by BAE Systems in
2007.

O'Gara's Mobile System division currently has security vehicle armoring and
electronics integration facilities in San Antonio, TX and Fairfield, OH.

"Helping protect the lives of U.S. diplomats and other foreign service
personnel abroad is a critical task for our company," said Bill O'Gara, CEO of
The O'Gara Group. "We are extremely pleased to have our former business back
and look forward to providing our customers with the most technologically
advanced protection that allows them to safely and confidently conduct their
business.

"What made O'Gara-Hess & Eisenhardt a world leader in armoring in the past was
the spirit and dedication of its employees. Literally every person knew that
someone's life depended on how well they did their job. The employees we are
gaining in this acquisition, of which some are new and some are old friends,
have that spirit and dedication. The combination of this group of people and
the wonderful employee base we have in San Antonio sets us on a course to
regain our dominant global position."

Mr. O'Gara continued, "We are uniquely prepared to meet current global
security challenges because we have developed synergistic business lines.
Specifically we have created O'Gara Training and Services which provides
security and counter-terrorism training both domestically and internationally
and O'Gara Sensor Systems which provides night vision goggles, beacons and
laser equipment to special operators, law enforcement and intelligence
personnel globally.

By expanding our Mobile Systems capabilities we now offer a distinctive
security package that fulfills many of the requirements for diplomatic
security and low intensity conflict."

Tony Russell, President of O'Gara's Mobile Systems division, stated, "O'Gara
is now the only US based Discreet Security Vehicle (DSV) provider with
in-house transparent armor capabilities. This provides advantages in cost,
delivery and integrated performance. The state-of-the-art transparent armor
facility produces proprietary solutions including curved systems which are US
Government Agency approved and high level certified flat military
constructions."

The purchase price was approximately $10 million.

The O'Gara Group, headquartered in Cincinnati, Ohio, provides global security
and defense products and services for use in counter-terrorism. The core
executive team has over sixty years of experience in management and
acquisition of defense and security businesses on a world-wide basis in both
public and private companies. The O'Gara Group operates through three groups:
Training and Services, Mobile Systems and Sensor Systems.

O'Gara enables its customers to effectively protect and preserve lives and
assets by providing comprehensive security and counter-terrorism training both
domestically and internationally; passenger vehicles with integrated ballistic
and blast armor; and provides night vision, tagging, marking and locating
technologies.

Customers include governments, military, homeland security, and commercial
customers.

If you would like more information or to schedule an interview with Bill
O'Gara, please contact:
Louise LaFayette
(513) 338-0620
Louise.lafayette@ogaragroup.com

SOURCE The O'Gara Group, Inc.

Website: http://www.ogaragroup.com
 
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