M&A Activity • Nov 27, 2013
M&A Activity
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Press Release Paris, 27 November 2013
Alten and Geci International have entered into an agreement for the purchase by Alten of Geci Engineering business made of several companies in France, Germany, Spain and Romania.
This deal, which is subject to the satisfaction of several conditions, should allow Alten to take control of the Geci Engineering companies before year end.
Geci Engineering is specialized in the business of structures calculation, system integration (mechanical and electrical) and manufacturing engineering.
Geci Engineering is referenced by the main European customers in Aircraft, Space, Naval and Rail ways transportation.
This acquisition will enable Alten to complement its offering and to strengthen its area of competence and expertise for strategic customers within Europe.
Geci Engineering business employs 650 people and should generate a yearly turnover of €48 million at the end of March 2014.
Alten will inform the market of the progress of the deal in the coming weeks.
Leader Européen de l'Ingénierie et du Conseil en Technologies (ICT), ALTEN réalise des projets de conception et d'études pour les Directions Techniques et DSI des grands comptes industriels, télécoms et tertiaires. Le titre ALTEN est coté au compartiment B du marché d'Euronext Paris (ISIN FR0000071946), fait partie du SBF 120, de l'indice IT CAC 50 et du MIDCAP 100, et est éligible au SRD. Ingénierie et Conseil en Technologies (ICT) Pour toutes informations: www.alten.fr
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