MBDA, a European defence group, has successfully completed the acquisition of Roxel, bringing the company into its European defence conglomerate by purchasing the remaining 50% stake from Safran on 19 December 2024.
Financial details of the deal remain undisclosed.
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This strategic move capitalises on Roxel’s current and prospective capabilities during a period of significant expansion and financial input.
MBDA CEO Éric Béranger said: “I welcome everyone from Roxel to the MBDA Group. By reinforcing the work interactions and cooperation between the teams of the two companies, this transaction is to support Roxel’s operational and industrial excellence.
“It also aims to provide an even more optimal response to the ramp-up challenges posed by the context of war economy, both in development and in production.”
Roxel will maintain autonomous control over its operations and will adhere to all existing agreements with other equipment providers while seeking new market opportunities, with a particular focus on exports.
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By GlobalDataThe integration under MBDA is expected to expedite Roxel’s growth trajectory, enhancing its international presence in tactical propulsion and reinforcing its status as a key defence entity within France and the UK.
Roxel CEO Sylvie Grison said: “This acquisition will enable us to further develop innovation in new solid propulsion technologies.
“Additionally, this integration operation will make it easier to optimise industrial cycles for faster ramp-up. I am therefore very pleased that this share acquisition has been completed.”
Roxel’s origins date back to 2003, following the merger of Celerg and Royal Ordnance Rocket Motors.
With production facilities in the UK and France, Roxel supplies propulsion systems for various missiles and rockets used by air, naval, and land forces.
This development follows MBDA’s recent collaboration with Australian company Advanced Navigation to enhance navigation technology for airborne platforms through the integration of MBDA’s NILEQ absolute positioning system.
MBDA is a joint venture between three European aerospace and defence companies Airbus, BAE Systems, and Leonardo.
