BAE and Peers Eye Robin Radar Bid
BAE Systems and several private equity firms are exploring potential bids for Dutch drone detection company Robin Radar Systems. The upcoming sale could value the business at approximately 2.3 billion dollars. Parcom is preparing to launch the official sale process later this year.
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BAE SYSTEMS PLC is exploring a bid for Robin Radar Systems in a potential $2.3B transaction, according to people familiar with the matter. The proposed deal would rank among the largest European defense sector transactions in recent years. Netherlands-based investment firm Parcom is preparing to launch a formal sale process later in the year.
