Home » Technology » British armourers buy a majority in the Czech Bohemia Interactive Simulations

British armourers buy a majority in the Czech Bohemia Interactive Simulations

Neither party stated the exact amount of the share that the armory would receive, nor the amount paid. The server stated this today hn.cz. According to the server, Bohemia Interactive Simulations cooperates primarily with NATO armies, for example with the US Army and Navy or the British and French Ministries of Defense, as well as with the Australian or Swedish armies.

According to the server, BAE Systems bought an unspecified majority stake in Bohemia Interactive Simulations from the American investment company Riverside Company. When the Riverside fund bought a stake in Bohemia Interactive Simulations in 2013, an amount in the order of hundreds of millions of crowns was speculated, hn.cz writes. According to the server, the transaction with BAE Systems has yet to be approved by the relevant regulatory authorities.

Bohemia Interactive Simulations states on its website that its software is used by more than 50 defense organizations around the world. The company employs over 300 people in several countries. According to its financial statements in the Collection of Documents, the company reported revenues of approximately 687.7 million crowns and a profit after tax of 188.3 million last year.

The roots of creating computer simulations in Bohemia Interactive Simulations are in the video game industry. The basis for the Bohemia Interactive Simulations simulators was the computer game Operation Flashpoint with the theme of the war conflict between the Soviet Union and the West, with which the Czech game studio Bohemia Interactive broke into the world market in 2001. The two companies were connected in the past, but now operate independently.

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