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Sagem and Thales Create Optronics Joint Venture, OPTROLEAD - Sagem (Safran group) and Thales have announced the creation of OPTROLEAD, an equally-owned joint venture for optronics. The official signature creating the new company follows the original Memorandum of Understanding signed on December 20, 2011 - ThalesGr
Sagem and Thales Create Optronics Joint Venture, OPTROLEAD

 

PRZOOM - /newswire/ - Paris, France, 2012/07/23 - Sagem (Safran group) and Thales have announced the creation of OPTROLEAD, an equally-owned joint venture for optronics. The official signature creating the new company follows the original Memorandum of Understanding signed on December 20, 2011 - ThalesGr. PAR: SAF | SAFRAN

   
 
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OPTROLEAD will be responsible for the sale of future optronic systems, especially for defense applications.

The new company is staking out a position in several major programs, including the optronic payload for the planned upgrade of the French navy’s Atlantique 2 (ATL2) maritime patrol aircraft, the imaging system for the future French-British MALE (medium-altitude, long-endurance) drone, modular optronic systems for army combat vehicles, and optronics for tomorrow’s helicopters.

The legal documents for the new entity were signed on July 18 by Philippe Petitcolin, Chairman and CEO of Sagem, and Serge Adrian, Chairman and CEO of Thales Optronique SA.

"We have taken an important step forward in consolidating and enhancing synergies within the French optronics industry," said Serge Adrian. "Our new company OPTROLEAD will effectively combine the leading areas of expertise of its two parent companies."

"OPTROLEAD is already capable of coordinating contracts directly with customers of Sagem and Thales," added Philippe Petitcolin. "For example, the ATL2 upgrade program could well be the first concrete application for this new entity."

Emmanuel de Roquefeuil of Thales was named Chairman of the new company, with Albert Levionnois of Sagem as Chief Executive Officer.

Thales (thalesgroup.com) is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2011, the company generated revenues of €13 billion with 67,000 employees in more than 56 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.

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.

Press contact
Thales
Alexandre PERRA, Direction de la communication
E: alexandre.perra[.]thalesgroup.com - T: +33 (0) 01 57 77 87 27

 
 
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Agency / Source: Safran Group

 
 

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Sagem and Thales Create Optronics Joint Venture, OPTROLEAD

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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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