5th Mar 2012 13:28
RNS Number : 6981Y
BAE SYSTEMS PLC
05 March 2012
RNS statement
BAE Systems completes sale of Safety Products and Schroth businesses
5 March 2012
Further to the announcement of 23 December 2011, BAE Systems has completed the divestiture of its BAE Systems Safety Products Inc. ("Safety Products") and Schroth Safety Products GmbH ("Schroth") businesses in the US and Germany to Takata Corporation for cash consideration of approximately $32 million. The businesses generated sales of approximately $40m in 2011.
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BAE Systems plc
London
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