Pietro Gussalli Beretta, Chairman and CEO of Beretta Holding, said: “This is a very special moment in the history of our Group. After working almost three years on this project, we warmly welcome the more than 2.700 employees of Ruag to our Group ”. During this period we were able to appreciate the strong cultural affinity between our Group and RUAG Ammotec, as well as the extraordinary competence and professionalism of its management team. As Pietro Gussalli Beretta also pointed out, there is a perfect complementarity between RUAG Ammotec and Beretta Holding "We have firearms and optics, RUAG Ammotec has ammunition, practically no overlap". We also see important synergies in the field of distribution and research & development, especially in the long term, which is what interests us most.
Having RUAG Ammotec within the Beretta Holding Group will strengthen our presence in Europe, further accentuating our international propensity. “RUAG Ammotec will add other prestigious brands to our already well-fed portfolios,” said Pietro Gussalli Beretta. With this acquisition, the Beretta Holding Group will exceed 6.000 employees and achieve a turnover of approximately 1,5 billion euros. With the addition of five production sites and a total of 16 new companies operating in 12 different countries, the Beretta Holding Group will thus be able to count on a total of over 50 subsidiaries operating all over the world.
Under our ownership RUAG Ammotec confirms its commitment to supplying high quality ammunition to the Swiss and German military. As requested by the Swiss government, Beretta Holding will fully support and maintain the existing sites. Beretta Holding and RUAG International have started the paperwork to obtain the mandatory government approvals. Beretta Holding is expected to take full ownership of Ruag Ammotec within the next six months. Terms and conditions of the transaction are not disclosed. Beretta Holding thanks BNP and Mediobanca who assisted it in this operation. Pietro Gussalli Beretta underlines: 'in particular we were very satisfied with Mediobanca's deep understanding, full dedication and high level of professionalism, which has always been so close to family businesses working globally'.