Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

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 viewer

Opens 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