BAE Systems Bofors has signed an agreement to acquire Aston Harald Mekaniska Verkstad AB. The deal has been announced through a joint press release with the aim of strengthening production capacity and delivery capability on the European market.
Aston Harald is headquartered in Kristinehamn (western Sweden) and employs approximately 100 staff. The company specialises in precision mechanics and advanced component machining for the defence and space sectors, as well as the commercial market. For several years, it has served as a strategic supplier to BAE Systems Bofors and other actors within the defence industry.
The acquisition is in line with BAE Systems Bofors' strategy to increase delivery capability on the European market. According to the company, the deal will secure supply chain resilience with regard to the delivery of specific systems, including the Archer artillery system and the Tridon Mk2.
In the announcement, published on the companies' respective LinkedIn pages, it is stated that the merger will create better conditions for deliveries to both Sweden and partner nations.