The shot is in the barrel. And it is one of the decisive ones. The oldest arms manufacturer in the world, Beretta, wants to consolidate the European and American business. According to what MF-Milano Finanza, the Gardone Val Trompia group is evaluating the possibility of submitting an offer to the UBS advisor to take over the Swiss group Ruag Ammotec. The sale process of this division of Ruag International has recently been definitively approved by the Council of States belonging to the Swiss confederation, controlling shareholder of the industrial parent company. The construction site is open and it is the intention of the Swiss state to sell, possibly by the end of the year, the activities in the arms production sector.
Thus, according to market rumors, the interest of the Brescia company led by Pietro Gussalli Beretta it became more and more intense as the weeks went by. The Ruag bite is certainly not small. The target company closed 2020 with a turnover of 487 million Swiss francs (462,7 million euros), an EBITDA of 44 million francs (41,8 million euros) and a net profit of 24 million francs (22,8 million euros) and has 2.483 employees in Europe and the United States. The latter market is booming for Ruag as evidenced by the awards obtained last year by the Swiss company: the Golden Bullseye Award awarded by the National Rifle Association which was added to the German Design Award 2020, considering that Germany is one of the first markets for the Swiss company.
Ruag, as can be seen from the budget report, is expecting a stabilization of defense spending in countries of the Born area for the Armed forces & law enforcement sector and constant development, in the European context, of the hunting & sport business. For its part, Beretta Holding, which closed last year with a consolidated turnover of 810 million (54,8% produced in the USA), an EBITDA of 145 million and a profit of 93,3 million continues to study dossier of acquisitions and expansion of the company perimeter after the shopping, completed last February in the English market Holland & Holland (born in the 1835), a company that holds two Royal Warrants, the honor issued by the royal family and which in 1989 was taken over by Chanel (Milano Finanza).