Homburger advised RUAG in connection with its unbundling

On August 28, 2020, RUAG announced that the unbundling of RUAG Group (net sales 2019: CHF 2 bn; FTEs as per December 31, 2019: 9091) has been successfully completed.

Since its foundation in 1998, state-owned RUAG has evolved from an armament enterprise into an international technology group. Today, the legally prescribed task of ensuring that the Swiss Armed Forces are properly equipped accounts for only a small part of its activities. In 2018, Swiss Government – the Federal Council – therefore decided to separate the business units working for the Swiss Armed Forces (RUAG MRO) from the other, internationally oriented business units (RUAG International).

With the splitting of the balance sheet, which the Federal Council took note of on April 22, 2020, the unbundling was materially completed by mid-2020. RUAG International has been operating as an independent company since the beginning of 2020. In the next few years, RUAG International is set to be developed and gradually privatized.

Homburger advised RUAG with regard to the legal aspects of the unbundling. The Homburger team was led by partner Claude Lambert and included lead associates Daniel Kuhn and Kevin Hubacher (all Corporate / M&A), partner Reto Heuberger (Tax), associate Stefan Gäumann (Real Estate) as well as junior associate Dilan Inkaya (Corporate / M&A).