Elbit Systems acquires Belgium-based industrial firm

Published July 2nd, 2003 - 02:00 GMT

Israel’s Elbit Systems has through its subsidiary Elop Electro-Optics Industries acquired Optronics Instruments & Products (OIP) based in Oudenaarde, Belgium, from Delft Instruments, based in the Netherlands. 


OIP develops, manufactures and supports electro-optical products, mainly for the defense and space markets. OIP, which employs approximately 50 employees, has established long-term relationships with customers in Belgium, other European countries and international customers. 


The acquisition of OIP provides Elbit Systems with enhanced access and support to its customers in Europe and strengthens the company's presence in this important market. 


Elbit Systems is an international electronics company engaged in a wide range of defense-related programs throughout the world, in the areas of aerospace, ground and naval systems, command, control, communications, computers and intelligence (C4I), advanced electro-optic and space technologies. The Company focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications. — (menareport.com) 

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