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Thales and Safran Acquire Areva’s Stake in Sofradir - Safran and Thales have acquired Areva’s 20% stake in Sofradir, their jointly owned subsidiary and a world-class centre of excellence in infrared detector technology - ThalesGroup.com / Safran.fr
Thales and Safran Acquire Areva’s Stake in Sofradir

 

PRZOOM - /newswire/ - Paris, France, 2012/01/30 - Safran and Thales have acquired Areva’s 20% stake in Sofradir, their jointly owned subsidiary and a world-class centre of excellence in infrared detector technology - ThalesGroup.com / Safran.fr. PAR: SAF | SAFRAN

   
 
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Sofradir is a leading supplier of infrared detectors to the optronics industry. Its technologies are used for a wide range of commercial and military applications, particularly night vision equipment. Sofradir employed 550 people and generated revenue of around €150 million. Most of its employees are based at the company’s development and production centre in Veurey-Voroize, near Grenoble, France.

Safran and Thales have raised their respective stake to 50% of Sofradir, compared to 40% previously. This transaction is part of the optronics partnership between Safran and Thales that was signed on 20 December 2011.

Thales (thalesgroup.com) is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2010, the company generated revenues of €13.1 billion with 68,000 employees in 50 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners.

Safran (safran-group.com) is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Safran group has more than 54,000 employees and generated sales of 10.8 billion euros in 2010. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.2 billion euros in 2010. Safran is listed on NYSE Euronext Paris and its share is part of the CAC 40 index.

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Investor relations
Pascal Bantegnie - P: +33(0)1 40 60 80 45 - E: pascal.bantegnie[.]safran.fr.
Antoine-Pierre de Grammont - P: +33(0)1 40 60 80 47 - E: antoine-pierre.degrammont[.]safran.fr.

Thales contacts
Press, Alexandre Perra
P: +33(0)1 57 77 87 27 - E: alexandre.perra[.]thalesgroup.com.

Investor relations, Jean-Claude Climeau
P: +33(0)1 57 77 89 02 - E: ir[.]thalesgroup.com.

 
 
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Agency / Source: Safran Group

 
 

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Thales and Safran Acquire Areva’s Stake in Sofradir

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Safran Group | Thales
Contact: Catherine Malek - Safran.fr 
+33(0)1 40 60 80 28 catherine.malek[.]safran.fr
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Safran Group securities in any jurisdiction including any other companies listed or named in this release.

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