London | Friday 23 September 2022
Steen Associates acts as financial advisor to Rafael Advanced Defense Systems Ltd on its acquisition of Pearson Engineering & Responsive Engineering.
Rafael the defence and security company has acquired Pearson Engineering Limited and Responsive Engineering Limited for an undisclosed sum. Rafael is one of the world’s pre eminent suppliers of defence systems specialising in countering hostile threats from the Air, Land and Sea.
Pearson Engineering and Responsive Engineering 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 Rafael is located in Haifa in Israel.
Steen Associates were exclusive advisor to Rafael and conducted a detailed strategic assessment of targets within the EU and UK.
Steen transacted the acquisition for Rafael, negotiating and structuring on Rafael’s behalf.
– Ends –
Notes to Editors:
Steen Associates Frankfurt Office
Steen Associates London Office
27 Great Queen Street
London, WC2B 5BB
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 www.steenassociates.com.
T: +49 69 770 1992 00
T: +44 (0)20 7405 5040