MilDef consolidates its American subsidiary MilDef Inc and the recently acquired Handheld Group AB's American subsidiary Handheld US Inc. Jim Rimay, currently CEO of Handheld US Inc, will take over the leadership of all MilDef's activities in the USA, starting in July 2023, according to a press release from MilDef.

Jim Rimay has been the CEO of Handheld's operations in the USA since 2015 and has a solid background in the defence-related IT industry, including as CEO of Getac in the USA. MilDef states in its press release that no changes will be made regarding offices or operational establishments and that more hires are to be expected as needs arise.

- With this initiative, MilDef broadens its offering and simultaneously strengthens its presence in the world's largest defence and security market. We focus on business and operational synergies, and MilDef's total operations in the USA already have a turnover of nearly 20 million USD, with expected rapid growth in the coming years. We are pleased to materialise this synergy following the Handheld acquisition and drive our growth journey in a truly promising market for MilDef, says Daniel Ljunggren, CEO of MilDef Group.

Handheld is a 25-year-old company that works with rugged computers. MilDef acquired the company last year for an initial purchase price of 350 MSEK.

Links:

MilDef's press release