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Sagem Acquires Brazilian Company Optovac - Sagem (Safran group) announced today at the Eurosatory land defense exhibition that it has signed an agreement to acquire Optovac Mecânica e Optoeletrônica Ltda, a Brazilian company specialized in optronics and night vision equipment
Sagem Acquires Brazilian Company Optovac

 

PRZOOM - /newswire/ - Paris, France, 2012/06/13 - Sagem (Safran group) announced today at the Eurosatory land defense exhibition that it has signed an agreement to acquire Optovac Mecânica e Optoeletrônica Ltda, a Brazilian company specialized in optronics and night vision equipment. PAR: SAF | SAFRAN

   
 
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It is one of the small businesses in Brazil that has been recognized by the Ministry of Defense, which has all the assets needed to become a Strategic Defense Company.

The acquisition reflects Sagem’s strategy based on developing local partnerships with the Brazilian defense industry.

Sagem plans to support Optovac’s growth, making it a benchmark player in optronic systems, components and technologies.

Optovac will produce and support a wide range of equipment drawing on Sagem’s expertise. Its business will also include the local development of solutions meeting the requirements of Brazil’s armed forces.

Sagem (sagem-ds.com), a high-tech company in the Safran group, holds world or European leadership positions in optronics, avionics, electronics and safety-critical software for both civil and military markets. Sagem is the No. 1 company in Europe and No. 3 worldwide for inertial navigation systems (INS) used in air, land and naval applications. It is also the world leader in helicopter flight controls and the European leader in optronics and tactical UAV systems. Operating across the globe through the Safran group, Sagem and its subsidiaries employ 7,500 people in Europe, Southeast Asia and North America. Sagem is the commercial name of the company Sagem Défense Sécurité.

SAFRAN Contact
Sagem (groupe Safran), Direction de la Communication
Le Ponant de Paris 27, rue Leblanc - 75 512 Paris Cedex 15 – France

 
 
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Agency / Source: Safran Group

 
 

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Sagem Acquires Brazilian Company Optovac

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Safran Group | Sagem
Contact: Philippe Wodka-Gallien - Sagem.com 
+33(0)1 58 11 19 49 philippe.wodka-gallien[.]sagem.com
 
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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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