THALES : and Safran acquire Areva's stake in Sofradir
January 30, 2012 at 07:10 pm IST
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30 January 2012
Safran and Thales have acquired Areva's 20% stake in
Sofradir, their jointly owned subsidiary and a world-class
centre of excellence in infrared detector technology.
Sofradir is a leading supplier of infrared detectors to the
optronics industry. Its technologies are used for a wide
range of commercial and military applications, particularly
night vision equipment. Sofradir employed 550 people and
generated revenue of around €150 million. Most of its
employees are based at the company's development and
production centre in Veurey-Voroize, near Grenoble,
France.
Safran and Thales have raised their respective stake to 50%
of Sofradir, compared to 40% previously. This transaction is
part of the optronics partnership between Safran and Thales
that was signed on 20 December 2011.
Safran is a leading international high-technology group with
three core businesses: Aerospace (propulsion and equipment),
Defence and Security. Operating worldwide, the Safran group
has more than 54,000 employees and generated sales of 10.8
billion euros in 2010. Working alone or in partnership,
Safran holds world or European leadership positions in its
core markets. The Group invests heavily in Research &
Development to meet the requirements of changing markets,
including expenditures of 1.2 billion euros in 2010. Safran
is listed on NYSE Euronext Paris and its share is part of the
CAC 40 index.
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Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).