AREVA: ECA Group Signs Unilateral Undertaking to Purchase ELTA

Regulatory News:

Areva S.A. (Paris:AREVA), AREVA TA and ECA Group, a subsidiary of Groupe Gorgé, have entered into exclusive negotiations following the signature, on August 4, 2016, of a unilateral undertaking to purchase the company ELTA, a subsidiary of AREVA TA (66%) and AREVA S.A. (34%).

This decision follows on from the analysis of bids received and a series of discussions with the various bidders for the acquisition of the company. The dossier submitted by ECA Group was considered to represent the best industrial and social project offering the best guarantees for the development of the company and its employees.

The skills of the 92 ELTA employees, widely recognized in the aerospace industry, are assets the ECA Group wishes to develop in synergy with its own activities.

The next steps in the process will be to consult the staff representative bodies of ELTA and AREVA TA, and to negotiate the terms of the sale agreement. The aim is to finalize the sale before the end of 2016.

AREVA TA, an 83.6% owned subsidiary of AREVA S.A., is itself the subject of a sale process which was initiated in late 2015, with the aim of finalizing the operation by the end of 2016 or the beginning of 2017.

To find out more about the ECA Group:

ECA Group is an intermediate size company with around 600 employees and revenue of € 105 million in 2015. Recognized for its expertise in robotics, automated systems, simulation and industrial processes, the ECA Group has been developing innovative, complete solutions for complex missions in hostile and restrictive environments since 1936. ECA is a Groupe Gorgé company.

To find out more about Groupe GORGÉ:

Established in 1990, Groupe GORGÉ is an independent, innovative, export-driven industrial group, specializing in high technology products and services: smart safety systems, protection in nuclear environments, industrial projects & services and 3D printing.
Key figures for 2015: more than 1,500 employees; worldwide presence in 10 countries; turnover: € 264.8 million; income from recurring operations: € 12.3 million.

To find out more about ELTA:

ELTA, a subsidiary of AREVA TA (66%) and AREVA SA (34%), based in Toulouse-Blagnac, has been specialized in the development, marketing and in-service support of electronic equipment and systems for severe environments since 1975.

MORE ABOUT AREVA
AREVA supplies high added-value products and services to support the operation of the global nuclear fleet.
The company is present throughout the entire nuclear cycle, from uranium mining to used fuel recycling, including nuclear reactor design and operating services.
AREVA is recognized by utilities around the world for its expertise, its skills in cutting-edge technologies and its dedication to the highest level of safety.
AREVA’s 40,000 employees are helping build tomorrow’s energy model: supplying ever safer, cleaner and more economical energy to the greatest number of people.

Tour AREVA – 1 Place Jean Millier – 92400 COURBEVOIE – France – Tel : +33 (0)1 34 96 00 00 – Fax : +33 (0)1 34 96 00 01

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