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CORPORATE
Sagem (Safran group) announced at the Eurosatory land defense exhibition that it has signed an agreement to acquire Optovac Mecânica e Optoeletrônica Ltd, a Brazilian company specialised in optronics and night vision equipment. It is one of the small businesses in Brazil that has been recognised by the Ministry of Defence, which has all the assets needed to become a strategic defence company.
The acquisition reflects Sagem’s strategy based on developing local partnerships with the Brazilian defence industry. Sagem plans to support Optovac’s growth, making it a benchmark player in optronic systems, components and technologies.
Optovac will produce and support a wide range of equipment drawing on Sagem’s expertise. Its business will also include the local development of solutions meeting the requirements of Brazil’s armed forces.