AI assistant
LISI S.A. — M&A Activity 2010
Mar 29, 2010
1484_iss_2010-03-29_fa304d63-71fd-4815-a1aa-8b2b166d6a5a.pdf
M&A Activity
Open in viewerOpens in your device viewer
Belfort, March 29, 2009
LISI AUTOMOTIVE, A SUBSIDIARY OF THE LISI GROUP, CONFIRMS THE FINALIZATION OF ITS AGREEMENTS WITH ACUMENT GLOBAL TECHNOLOGIES FRANCE FOR THE TAKEOVER OF TWO OF ITS INDUSTRIAL SITES.
The LISI Group confirmed today that its subsidiary LISI AUTOMOTIVE has finalized the agreements 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.
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.
The two sites will be integrated into the LISI AUTOMOTIVE and consolidated as of March 29, 2010. The purchase accounting aspects of this consolidation are being finalized.
This transaction falls within the scope of LISI AUTOMOTIVE's strategy, which has as one of its objectives to provide its industrial base in France with the critical size.
Contact Emmanuel Viellard Phone: +33 (0)3 84 57 00 77 Email: [email protected] Website: www.lisi-group.com
LISI shares are quoted on the Eurolist compartment B and are part of the CAC MID 100 – Next 150 index under ISIN code: FR 0000050353
Reuters:GFII.PA Bloomberg:FII FP