Cubic Corp. [CUB] said its Cubic Defense Applications business unit has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction, giving it exposure to live fire simulation and international markets.
Terms of the deal were not disclosed.
“This acquisition diversifies our product offering and capitalizes on our existing international marketing channels,” Dave Schmitz, president of Cubic Defense Systems, said in a statement. “AIS’s world class products will help Cubic expand its training footprint to target larger facility projects overseas and expand our product offerings for U.S. and federal law enforcement.”
AIS’s virtual simulation products include PRISim, which addresses basic marksmanship, judgmental evaluation and “shoot-don’t-shoot” technologies that incorporate a wider range of customizable virtual simulation scenarios for use in classrooms and indoor live fire ranges. The company’s technology also includes QuickRange, which is a customizable and modular solution for live fire and virtual training ranges.
In the international arena, AIS’s business is focused on reusable live-fire for law enforcement and counter-terrorism training.
AIS is headquartered in Seattle and has offices in Britain, Singapore and the United Arab Emirates. Its largest customer base is in the Asia Pacific region and the Middle East.