M&A Activity • Sep 9, 2010
M&A Activity
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Paris - 9 September 2010 - 7:30 a.m.
Compagnie Plastic Omnium has received authorization from the European competition authorities to acquire Solvay's 50% stake in Inergy Automotive Systems, bringing its share in the company to 100%. The world's leading supplier of fuel systems and fuel tanks, Inergy Automotive Systems expects to generate revenue of about $\epsilon$ 1.1 billion in 2010.
Combined with organic revenue growth of nearly 20% in 2010, the transaction will allow Compagnie Plastic Omnium to expand the scope of its operations, with pro forma revenue of close to $\epsilon$ 3.5 billion in 2010, compared to $\epsilon$ 2.5 billion in 2009.
Backed by 77 production plants around the world, the Company's Automotive Division is making strong market share gains in China, India, Russia, Thailand, South Korea and South Africa.
Compagnie Plastic Omnium is strengthening its strategic commitment to develop independently and to consolidate its global leadership positions in its core Automotive and Environment businesses. The Company has reinforced its growth potential by leveraging its capacity for innovation, acquiring new customers and developing a worldwide production base.
Investor Relations Tel: +33 (0)1 40 87 64 49 / Fax: +33 (0)1 40 87 96 62 Email: [email protected] www.plasticomnium.fr
PLASTIC OMNIUM is the world leader in automotive components and plastic body modules, automotive fuel tanks and systems and waste container solutions for local communities and companies. The Company employs around17,500 people and operates 94 plants in 27 countries. Plastic Omnium is listed on the NYSE Euronext Paris stock exchange, Compartment B, and is eligible for the "long-only" Deferred Settlement Service (SRD). It is included in the SBF 250 and CAC Mid 100 indices (ISIN code: FR0000124570).
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