DaimlerChrysler Aerospace (Dasa) has made its first direct investment in the South African defence industry by taking a 33% stake in electronics joint venture Reutech Radar Systems for an undisclosed sum.
The company is being formed in partnership with South Africa's Reunert Electronics Group and Kgorong Investment holdings, which own 37% and 30% of Reutech respectively. The venture will incorporate the existing radar activities of Reunert, which has co-operated with Dasa for several years.
Dasa says the investment will give it "better access to the African market", while giving Reunert access to its radar and electronics technology.
Source: Flight International