BAE Systems on Monday said it has completed its $200 million acquisition of Bohemia Interactive Simulations (BISim), a deal that expands its work in modeling and simulation for military customers.
“The addition of BISim to the BAE Systems team expands our modeling and simulation capabilities and solidifies our systems integration strategy,” Tom Arseneault, president and CEO of BAE Systems, Inc., the U.S.-based headquarters of Britain’s BAE Systems, said in a statement. “With this acquisition, we are even better positioned to meet our customers’ evolving needs in the rapidly growing market for global military training, and deliver next-generation virtual systems to help our U.S. military and its allies effectively prepare for future scenarios.”
BAE said the global market for training and simulation solutions and services is growing and is expected to exceed $11 billion annually.
BISim, which is based in Orlando, Fla., has more than 325 employees and also operates in the United Kingdom, Australia, the Czech Republic, Slovakia and other countries.
The two companies have been working together since 2019, beginning with the U.S. Marine Corps War Gaming and Analysis Center contract, and then as part of BAE’s Joint All Domain Operations System of Systems research and development project.
BISim was owned by the investment firm the Riverside Company