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LISI S.A. — M&A Activity 2009
Nov 5, 2009
1484_iss_2009-11-05_a9baee32-6782-49ce-9792-84bb9701a11e.pdf
M&A Activity
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Belfort, November 5, 2009
LISI AUTOMOTIVE, A SUBSIDIARY OF THE LISI GROUP, IS IN DISCUSSIONS WITH ACUMENT GLOBAL TECHNOLOGIES FRANCE TO TAKE OVER TWO INDUSTRIAL LOCATIONS
The LISI Group has announced today that its subsidiary LISI AUTOMOTIVE has entered into discussions with the French arm of the American Acument Global Technologies group about taking over two of its industrial sites that specialize in the manufacture of fasteners for the automotive industry. To this end, a conditional offer was submitted on November 2, 2009.
These two plants are located in Bonneuil-sur-Marne (Val de Marne) and La Ferté Fresnel (Orne), and ought to generate sales revenues of about EUR 40 million in 2009, with a staff of about 350.
This transaction is part of LISI AUTOMOTIVE's strategy to achieve critical mass for its French industrial base.
Subject to meeting all the suspensive clauses of the offer, in particular the completion of the agreements with the major customers, the transaction could be finalized by the end of the financial year ending December 31, 2009.
Contact Emmanuel Viellard Tel: 03 84 57 00 77 E-mail: [email protected] Website: www.lisi-group.com
The LISI share is traded on the Eurolist stock exchange, section B and is part of the CAC MID 100 – Next 150 index under ISIN Code FR 0000050353
Reuters Code: GFII.PA Bloomberg Code: FII FP