BAE Systems has entered into a definitive agreement to acquire Bohemia Interactive Simulations (BISim), a software developer of simulation training solutions for military organizations. Financial terms of the transaction were not disclosed.
Founded in 2001 and headquartered in Orlando, Fla., BISim has more than 325 employees, including in the United States, UK, Australia, the Czech Republic, and Slovakia, according to BAE.
DLA Piper is serving as legal counsel to BAE Systems. Raymond James is serving as the exclusive financial advisor to BISim, and Jones Day is serving as legal counsel to BISim.
[Image courtesy: BISim]