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Thales Group sells Thales Microsonics to Temex

13 November 2002

On 8 November, Thales and Temex finalised an agreement concerning their businesses related to the design and production of radio frequency components for mobile telephones and telecoms infrastructure networks.

Under the agreement, Temex acquires Thales Microsonics, one of the world's major manufacturers of SAW (Surface Acoustic Wave) components and high-frequency VCO/PLL (Voltage Controlled Oscillators/Phase Locked Loop) modules. The company will be called Temex Microsonics (TMX). Thales Microsonics' medical probe business is not being sold and is being transferred to Thales Ultrasound Probes. The value of the transaction has not been disclosed.

"By divesting this telecommunications components business, Thales is pursuing the rationalisation of its IT&S business area's portfolio," stated Michel Roger, Senior Vice President of the Communications Components Business Group. "In Temex we have found a partner who has demonstrated its capacity to successfully integrate new businesses and who intends to become a major player in the passive components sector."

"The complementary nature of Temex and Thales Microsonics' customer base and product range is key to developing these businesses," said Jean-Pierre Euvrard, Chairman and CEO of Temex. "Together we form a source of innovation and a long-term supplier to the professional and consumer markets that we target."

"The global sales network dedicated to Temex passive components will help accelerate the development of our SAW filter and VCO business," added Jean-Yves Courtois, CEO of Thales Microsonics, "and strengthen our position as a major player in the market. Furthermore, we will be using the technologies developed by Temex SAW (Neuchâtel, Switzerland) to extend our range of RF filters, for which demand is rapidly growing."

Temex is a subsidiary of the Tekelec group with a strong presence in components for defence and telecommunications applications. Its sales in 2001 were over '100 million.

With this new acquisition, Temex strengthens its positions in radio frequency components for the professional and consumer markets. Temex employs 850 staff at nine industrial sites in France, the United States, Switzerland, Portugal and the Philippines. Its main products are RF components (capacitors, circulators, diodes, oscillators, RF filters) and Time-Frequency Components (TCXO, VCXO, OCXO, rubidium clocks).

Thales Microsonics, based in Sophia-Antipolis, France and Casablanca, Morocco, generated sales of '51 million in 2001. Its main products are SAW filters, VCO and RF modules (Front End Modules, Phase Locked Loop). All the employees in these businesses will be kept on after the acquisition.

Thales is a world leader in professional electronics in three key markets: Aerospace, Defence and Information Technology & Services. The Group employs 65,000 people in nearly 50 countries worldwide, and generated revenues of over '10 billion in 2001.

Press contacts:
Thales - Verena Adt - Tel : + 33 (0) 1 53 77 86 26
Temex - Christine Meunier - Tel : + 33 (0) 1 46 90 23 33



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