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LISI S.A. — M&A Activity 2011
Jul 22, 2011
1484_iss_2011-07-22_7bcb4ce8-098a-466d-9c2a-f71bbef5c94d.pdf
M&A Activity
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Belfort, July 22, 2011
THE LISI GROUP CONFIRMS THE CLOSING OF THE ACQUISITION OF 100% OF THE SHARES OF CREUZET AERONAUTIQUE AND INDRAERO-SIREN
The LISI Group (Euronext Paris - ISIN: FR 0000050353) today announced the completion of the acquisition of 100% of the shares of Creuzet Aéronautique and Indraero-Siren and their respective subsidiaries Creuzet Polska, Creuzet Morrocco and Indraero Morrocco.
This announcement concludes the process initiated by the release of March 18, 2011; it confirms LISI AEROSPACE's strategy of becoming an aerospace parts manufacturer specializing in assembly components with high technological content of a significant size to enable it to meet the requirements of OEM's in all major global programs.
The acquisition of both companies was conducted through LISI AEROSPACE CREUZET, a whollyowned subsidiary of LISI AEROSPACE. LISI AEROSPACE will thus bring together the existing Fasteners arm and the new LISI AEROSPACE Creuzet arm, which specializes in structural components and technical assemblies.
With approximately 1,500 people and sales revenue for the current year up considerably compared to 2010 (€ 107 million), this acquisition represents a major step in the development of the LISI Group.
Effective today, the transaction will lead the LISI Group to consolidate the two companies globally as of July 22, 2011.
Contact Emmanuel Viellard Telephone: +33 (0)3 84 57 00 77 Email: [email protected] Website: www.lisi-group.com
Next publication (will appear following close of trading on Paris Euronext) Third quarter 2011 financial information: October 26, 2011
Reuters:GFII.PA Bloomberg:FII FP
The LISI Group is listed on Eurolist's B compartment and belongs to the CAC Small, CAC Mid&Small, CAC–All Tradable and CAC-All Shares indices, ISIN code: FR 0000050353. With sales revenues of €777 million in 2010 and some 7,100 employees, LISI is a worldwide leading manufacturer of threaded and clipped fasteners and assembly components for the Aerospace and Automotive industries. Its LISI MEDICAL division specializes in the subcontracting of implants for groups developing medical solutions.
Creuzet Aéronautique, based in Marmande, as well as Casablanca in Morocco and Sedziszow in Poland, masters extrusion, forming and forging technologies using innovative processes to manufacture highly technical parts such as blades, leading edges, rings, stringers and structural stiffeners. Indraero-Siren, based in Argenton, and its subsidiary Indraero Morrocco in Casablanca specialize in the manufacture of equipment (latches, helicopter hooks, etc.) and multi-component structural assemblies.