# SAMI acquires Advanced Electronics Company in Saudi defense deal

Saudi Arabian Military Industries (SAMI), a PIF subsidiary, announced the acquisition of Advanced Electronics Company (AEC). The purchase is expected to complete in Q1 2021, making AEC 100% Saudi-owned.

- Type: Acquisition
- Announced: 2020-12-29
- Where: Saudi Arabia
- Status: announced
- Products: military electronics, defense systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Saudi Arabian Military Industries](https://endata.com/companies/20040.md) (acquirer)
- [Public Investment Fund](https://endata.com/companies/47932.md) (investor)
- [Advanced Electronics Company](https://endata.com/companies/52176.md) (target)

## Sources

- [businesstoday.me](https://businesstoday.me/businesstoday/sami-acquires-advanced-electronics-company/), 2020-12-29: "This deal strengthens SAMI’s presence in the strategically important defense industries market and supports its plans to transfer and localize the military industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.