Logic Instrument jumped more than 19% on the Paris Bourse on Friday, after announcing its intention to acquire Elexo, a subsidiary of the Atos Group.

The French computer manufacturer explains that the aim of the operation is to create a national integrator of rugged mobile solutions for critical and hostile environments.

Elexo specializes in the distribution of rugged and semi-rugged portable PCs and rugged tablets, particularly for the defense sector.

The company is also an architect of solutions for testing, measurement, network security and telecoms.

According to Logic Instrument, this merger would create a French player, listed on the stock exchange, with all the assets needed to supply fleets of ruggedized and semi-rugged mobile terminals ranging from PCs to tablets and smartphones for outdoor use in critical and hostile environments.

The consolidated sales of 33 million euros would also provide access to calls for tender in France and Europe, which have been inaccessible until now, he adds.

Logic Instrument - which has set itself the target of generating sales of 50 million euros by 2025 - points out that the transaction remains subject to information and consultation with Atos' employee representative bodies, agreement and signature of the definitive documentation and other customary regulatory approvals.

The potential transaction - the amount of which has not been disclosed - is expected to be finalized in the fourth quarter of 2023.

After jumping 28% mid-morning, the stock was up 19.2% by mid-day, significantly outperforming the Paris small and mid-cap index, which was up 0.7% at the same time.

Its parent company Archos was up more than 7% in its wake.

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