HAMBURG, Germany, March 24 (UPI) -- Airbus Defense and Space has announced the sale of its aerospace engineering subsidiary, Rostock System Technik GmbH, to Ferchau Engineering GmbH of Germany.
The terms of the transaction were not disclosed, but Airbus DS said the action was consistent with its strategy of strengthening its core business and divesting non-core activities.
"We have conducted an extensive selection process to ensure the best industrial setup for further development of RST's business," said Thomas Muller, head of the Electronics business line of Airbus Defense and Space. "Ferchau and RST both serve their main customer Airbus with focus on premium engineering services, particularly in the cabin and cargo area, which gives their joint activities a strong strategic baseline."
RST provides system engineering and product manufacturing for aerospace customers worldwide. Its product line includes aircraft cabin simulators for crew emergency training, wire harnesses and ground and test equipment.
Airbus DS said German anti-trust authorities are required to give final approval for the sale.
