22 Oct 2009
ICON has advised the management and shareholders of RF Engines Limited (RFEL) on its sale to Rheinmetall AG.
RFEL is an electronics design company specialising in digital signal processing, and develops high specification signal processing cores, system on chip designs, and FPGA-based board solutions for applications in the defence, communications and instrumentation markets. These applications included base stations, wireless and wireline broadband comms systems, satellite communications systems, as well as defence signal intelligence and surveillance systems. The company is located on the Isle of Wight.
Düsseldorf based Rheinmetall AG has 20,900 staff and annual sales of €3.9 Bn, and comprises two business segments - Automotive and Defence. The Defence group under which RFEL is now operating, is one of the largest defence technology suppliers in Europe with 9,200 staff worldwide and annual sales of €1.8 Bn.