Press release

London  |  Friday 23 September 2022

Steen Associates acts as financial advisor to R on its acquisition of P & RE.

R the defence and security company has acquired P and RE for £160m. R is one of the world’s pre eminent suppliers of defence systems specialising in countering hostile threats from the Air, Land and Sea.

P and RE manufacture a range of heavy equipment focused on mine clearance and detection as well as defensive products for land systems. They are located in Newcastle upon Tyne in the UK and R is located in Haifa in Israel.

Steen Associates were exclusive advisor to R and conducted a detailed strategic assessment of targets within the EU and UK.

Steen transacted the acquisition for R, negotiating and structuring on R’s behalf.


Notes to Editors:


Steen Associates Frankfurt Office

Brentanostraße 6
60325 Frankfurt


Steen Associates London Office

27 Great Queen Street
London, WC2B 5BB
United Kingdom


About Steen Associates

Steen Associates is an M&A advisory firm specialising in the aerospace, defence and industrial sectors. Steen has advised on a wide range of strategic transactions, predominantly in Europe and the USA, from its offices in London, Frankfurt, New York and Paris.

For more details about Steen Associates please visit


Contact Details


Joerg Freimund
Steen Associates

T: +49 69 770 1992 00

Jason Steen
Steen Associates

T: +44 (0)20 7405 5040
E: more