Mubea Group, a construction specialist, agreed to acquire aerostructures Germany & Hungary unit from RUAG International, a company specialising in aerospace engineering and the defence industry. Financial terms were not disclosed. “It is fantastic to see how RUAG Aerostructures Germany & Hungary has been able to create value over the last years and generate great interest in the market during the divestment process. The competence and passion of our employees, combined with the support of our owner and the trust of our valued customer Airbus, has enabled this excellent market position. I am immensely proud of the performance of the Aerostructures colleagues and thank everyone involved. With Mubea, we have found a new owner who is ideally positioned to further develop our Aerostructures business in Germany and Hungary. Coupled with the well-known quality and reliability for our customers, the expansion of the technological leadership will also offer exciting opportunities for the employees," André Wall, RUAG International CEO.