Thales acquires EADS 50% stake in TDA Armements
19 October 2005
EADS and Thales have agreed to simplify the shareholder and management structure at TDA Armements through the sale of EADS 50% share in TDA Armements, a leading European armament systems manufacturer, to Thales, thus making Thales 100% shareholder of the company.
The deal is expected to be finalized by the end of 2005.
TDA Armements specialises in four main areas: land based weapon systems, air launched weapon systems, munitronics (munition electronics) and missile components. As an integral part of Thales Land & Joint Systems division, TDA Armements enjoys a strong position in such key growth areas as Local Area Control Systems, smart munitions designed to increase the precision of weapons systems as well as systems to ensure the safety and protection of deployed troops. TDA Armements, based in La Ferté Saint Aubin, France, and in Herstal, Belgium employs 471 people and generated an annual turnover of approximately 90 million Euros in 2004, half from export sales.
'The 100 % control of TDA Armements is an essential step in Thales' development in Land Systems. It enables Thales to gain strategic independence in order to establish key alliances with European players in this field.' said Bruno Rambaud, Thales Senior Vice President, Managing Director of Land & Joint Systems Division.
The acquisition is in line with Thales' strategic ambitions in land and joint systems activities. With revenues totalling 2.3 billion Euros in Land forces, Thales is the principal European supplier of systems and equipment for ground forces and plays a key role in the revolution of combat systems, covering the whole "sensor to shooter" chain.
EADS is a global leader in aerospace, defence and related services. In 2004, EADS generated revenues of € 31.8 billion and employed a workforce of about 110,000. The EADS Group includes the aircraft manufacturer Airbus, the world's largest helicopter supplier Eurocopter and the joint venture MBDA, the international leader in missile systems. EADS is the major partner in the Eurofighter consortium, is the prime contractor for the Ariane launcher, develops the A400M military transport aircraft and is the largest industrial partner for the European satellite navigation system Galileo.
About TDA Armements:
TDA Armements is a joint venture created in 1994 by Thales and EADS Deutschland GmbH. With more than 60 years experience in the field of armaments, TDA Armements specialises in the development and manufacture of aircraft rocket systems, smart munitions, safety and arming units and area control systems. TDA Armements, based in La Ferté Saint Aubin, France, and in Herstal, Belgium employs 471 people and generated an annual turnover of approximately 90 million Euros in 2004, half from export sales.
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