Sagem Défense Sécurité : acquisition of Naval and Ground Activities of EADS Defence & Security Systems in France
Paris, December 6, 2006 -- Sagem Défense Sécurité (SAFRAN Group) announced today the acquisition of the naval and ground business, part of EADS Defence & Security Systems’ defence electronics business located at Les Ulis.
EADS Defence & Security Systems’ Les Ulis Naval and Ground business (located in the Paris region) is specialized in the design and commercialization of electronic and optronic naval and land equipment. It had total revenue of approximately € 23 million Euros in 2005.
The two companies’ product ranges and markets are highly complementary in these fields. This acquisition will allow Sagem Défense Sécurité to consolidate its position as the leader in search-and-track optronics and fire control, expand its offer in the field of self-protection for surface ships and land vehicles and reinforce its logistical support activity.
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About Sagem Défense Sécurité :
Sagem Défense Sécurité is a high-technology company in the SAFRAN Group. As a leading European defence and security electronics company in Europe, its business covers three main fields: navigation and aeronautics systems, where it is the world leader in helicopter flight control; optronics and air-land systems, where it is the European leader in surveillance and fire-control optronics; and the field of security, where it is the world leader in fingerprint- based biometrics. Its equipment and integrated systems are used worldwide, helping to ensure air transport safety, secure data transmission, personal security and governmental defence capabilities at the highest level. Through the SAFRAN Group, Sagem Défense Sécurité is present on all continents.
SAFRAN is an international high-technology group with four core businesses: aerospace propulsion, aircraft equipment, defense security, communications. It has 58,000 employees in over 30 countries, and annual revenues exceeding 10 billion euros.
For further information: www.sagem-ds.com
Contact:
Sagem Défense Sécurité
Philippe Wodka-Gallien
Press manager
Tel.: +33 (0)1 58 11 19 49
email : philippe.wodka-gallien@sagem.com
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