Israel’s Rafael Acquires U.S.-Based Electro-Optic Systems Manufacturing Company ‘PVP AEO’
Israel’s Rafael Advanced Defense Systems Ltd. said it has completed the acquisition of PVP Advanced EO Systems, Inc. (PVP AEO) through its U.S. subsidiary Rafael USA, Inc.
The acquisition was executed under a stock purchase agreement (SPA) transferring 100% of stock to Rafael USA, Inc. The transaction was approved under CFIUS review authorization, governed by a national security agreement (NSA).
Prior to the acquisition, PVP AEO was a privately-owned, California-based company, specializing in the development, manufacturing and sustainment of world-class electro-optic (EO) systems for air, land, sea and critical homeland security applications. The company was founded in 1997 and is located in Tustin, CA. Recent programs include Integrated Fixed Towers (IFT) and Mobile Video Surveillance Systems (MVSS) for the Customs and Border Patrol on the southern border. PVP AEO is active in North and South America, Asia and the Middle East.
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