Selling what the company deemed a "non-core" business area, Airbus sold its electronics production facility in Oostkamp, Belgium, to Parter Capital Group, the company announced on 21 January. Terms of the deal were not disclosed.
In a press release Airbus Defence and Space, the group that operated the facility for Airbus, said that the facility will still produce parts for the company under a new agreement. Oostkamp makes radar components, power amplifiers, and transponders through the work of 150 local employees.
"By this strategic move, Airbus Defence and Space will consolidate its electronics production capabilities and develop further synergies," the Airbus press release said
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