Israel-based Rafael Advanced Defense Systems has completed the acquisition of Pearson Engineering, located in Newcastle, UK. The purchase was executed under a stock purchase agreement (SPA), transferring 100% of the ownership. As a point of note, the acquisition includes Pearson’s subsidiary company Responsive Engineering. Rafael is a world-renowned defence contractor. The company is Israel’s third largest defence company with over 8000 employees and more than 30 worldwide subsidiaries serving the defence, security and aerospace markets.
For further information www.pearson-eng.com