BAE Systems Land Systems South Africa
From Warlike
Q4834523
BAE Systems Land Systems South Africa (LSSA) was a South African defence company that operated as a subsidiary of BAE Systems Land Systems. On 28 April 2015, BAE Systems announced the sale of its 75% stake in the company to the state-owned defence group Denel. Denel acquired the stake for R641 million in cash, with the total acquisition costing R855 million after it also purchased the remaining 25% from the company's Black Economic Empowerment (BEE) partner, DGD Technologies. Following the acquisition, LSSA was rebranded as Denel Vehicle Systems (DVS).
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