Chemring Group PLC, a leading producer of expendable decoy countermeasures
announces is set to buy the U.S. based Titan Dynamics Systems,
Inc. from the Allied Defense Group (ADG). Chemring agreed to
pay $4.75 million in cash for all Titan's stocks. As a privately
held company, Titan was acquired by the Allied Research Corporation
in 2002 but now, ADG is oriented toward weapons and ammunition
activities and decided to divest its non-strategic assets. (More...)
Titan, a manufacturer of battlefield effects
simulators, provides battlefield effect simulators (BES) and
pyrotechnic cartridges offering warfighters to practice in realistic
training throughout the military's 'digital training grounds'.
Typical simulators include missile launch and IED effect generators,
replicating the characteristics of shoulder-launched weapons
against land or air targets. The company provides these services
through a five year contract operated by the US Program Executive
Office, Simulation, Training and Instrumentation (PEOSTRI).
According to David Price, Chief Executive of Chemring, merging
Titan with Chemring's current cartridge-based military training
pyrotechnics activity will consolidate the company's position
in this £90 million niche market, introducing multi-effects
cartridge system (MECS) from IEDs to micro-pyrotechnics, which
can be used indoors for training in urban warfare.
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