# SAMI acquires Advanced Electronics Company

Saudi Arabian Military Industries (SAMI) has acquired Advanced Electronics Company (AEC) in the largest military industries deal in Saudi Arabia. The acquisition will make AEC a 100% Saudi-owned company.

- Type: Acquisition
- Announced: 2021-08-12
- Where: Saudi Arabia
- Status: announced
- Products: defense electronics, military systems
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

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

## Sources

- [aviationweek.com](https://aviationweek.com/defense/sami-acquires-advanced-electronics-company), 2021-08-12: "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.