This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The O'Gara Group Acquires BAE Systems Commercial Armored Vehicle Division And Transparent Armor Business

CINCINNATI, Feb. 25, 2013 /PRNewswire/ -- The O'Gara Group, Inc., a global provider of security and defense products and services, announced today that it has completed the purchase of BAE Systems Commercial Armored Vehicles LLC and has renamed the business O'Gara-Hess & Eisenhardt Armoring Company LLC.

This acquisition greatly expands the capacity of O'Gara's Mobile Systems division, which currently designs, develops and manages the integration of highly engineered ballistic and blast systems to provide security vehicles with the highest levels of protection to counter terrorism. This acquisition reunites the former owners of, and many members of management and other personnel from, the former O'Gara-Hess & Eisenhardt Armoring Company, which was one of the largest armored vehicle manufacturers in the world before its sale to Armor Holdings in 2001 and its eventual purchase by BAE Systems in 2007.

O'Gara's Mobile System division currently has security vehicle armoring and electronics integration facilities in San Antonio, TX and Fairfield, OH.

"Helping protect the lives of U.S. diplomats and other foreign service personnel abroad is a critical task for our company," said Bill O'Gara, CEO of The O'Gara Group. "We are extremely pleased to have our former business back and look forward to providing our customers with the most technologically advanced protection that allows them to safely and confidently conduct their business.

"What made O'Gara-Hess & Eisenhardt a world leader in armoring in the past was the spirit and dedication of its employees. Literally every person knew that someone's life depended on how well they did their job. The employees we are gaining in this acquisition, of which some are new and some are old friends, have that spirit and dedication. The combination of this group of people and the wonderful employee base we have in San Antonio sets us on a course to regain our dominant global position."

Mr. O'Gara continued, "We are uniquely prepared to meet current global security challenges because we have developed synergistic business lines. Specifically we have created O'Gara Training and Services which provides security and counter-terrorism training both domestically and internationally and O'Gara Sensor Systems which provides night vision goggles, beacons and laser equipment to special operators, law enforcement and intelligence personnel globally.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs