BAE Systems Acquires Pitch Technologies

Acquisition Will Expand Company’s Capabilities in Training and Simulation Solutions

BAE Systems has entered into a definitive agreement to acquire the Swedish high-tech company Pitch Technologies AB (Pitch) for a cash consideration of 61.3 MSEK.

Founded in 1991 and headquartered in Linköping, Sweden, Pitch is an innovator of computer-based training and research simulation technologies. Some of the largest and most complex simulation programs in governments and industries worldwide, including those in NASA, Boeing and Mitsubishi, employ Pitch’s state-of-the-art simulations products, services and solutions.

“The addition of Pitch to the BAE Systems family creates a world-class capability that will set a new standard for enterprise-level simulation interoperability and solutions for training and simulation,” said Claes Erik Frölund, President of BAE Systems C-ITS business in Sweden.

The BAE Systems acquisition of Pitch is an advantageous one for both companies given that the C-ITS primary product line includes air traffic control simulators and advanced distributed learning platforms.

Staffan Löf, President and CEO of Pitch Technologies said, “Being a part of BAE Systems gives us an excellent position for further development of our innovative products and technologies. It opens up new markets and key accounts worldwide. On the services side there are also considerable synergies between our infrastructure and architecture know-how and BAE Systems capabilities to realize innovative training and simulation solutions.”

The expanded offerings are showcased at the BAE Systems and Pitch Technologies booths (3818 and 1400, Hall B) during this week’s Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) in Orlando, FL.

In Sweden, BAE Systems AB employs 2,000 people in three subsidiary companies with a turnover of 4,500 BSEK (approx. £320m).

About Pitch Technologies

Pitch Technologies is a leading provider of innovative state-of-the-art interoperability products, services and solutions for development of distributed systems. Pitch is heavily involved in the development of international interoperability standards and has received numerous awards and certifications for its achievements and technology.

About BAE Systems

BAE Systems is the premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. BAE Systems, with 96,000 employees worldwide, had 2006 sales that exceeded $27 billion on a pro forma basis, assuming BAE Systems had owned Armor Holdings, Inc. for the whole of 2006.

Contacts

BAE Systems
Jessica Pantages, +1 703-312-6157
Mobile: +1 703-439-0345
Jessica.Pantages {at} baesystems(.)com
or
Christer Henebäck, +46 586 733 156
Mobile: +46 73 668 2004
Christer.Heneback {at} baesystems(.)se
or
Shannon Smith, +1 703-907-8257
Mobile: +1 703-967-3854
shannon.n.smith {at} baesystems(.)com

www.baesystems.com