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LISI S.A. — M&A Activity 2014
May 6, 2014
1484_iss_2014-05-06_24191ad8-7b55-40e7-99a6-6cd3acd8a5a9.pdf
M&A Activity
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Belfort, May 6, 2014
LISI announces the signing of an agreement for the acquisition of the Manoir Aerospace group
The LISI Group announced today that it signed an agreement to acquire all the shares in the Manoir Aerospace group.
This acquisition will enable LISI AEROSPACE to strengthen its "Structural Components" division and incorporate additional metal-forming technologies. The Manoir Aerospace group specializes mainly in the forging of metal parts, exclusively for aeronautical applications. The group achieved sales of €164 million in 2013 with a headcount of approximately 1,100 employees spread over three production facilities in France, one in Belgium and one in Mexico.
The French competition authority was notified of the transaction on April 25, 2014, as the transfer of ownership can only be effective once authorized.
The LISI Group is one of the worldwide leaders in screwed and clipped fasteners and mechanical safety components for the Aerospace, Automotive and Medical sectors, with 2013 sales of €1,149 million and a headcount of more than 9,000 employees.
Contact Emmanuel Viellard Telephone: +33 (0)3 84 57 00 77 Email: [email protected] Website: www.lisi-group.com
LISI's shares are listed on the Eurolist compartment B and forms part of the CAC®AERO& DEF., CAC® All Shares, CAC® – All Tradable, CAC® Industrials, CAC® Mid & Small and CAC® Small indices, under the ISIN code: FR 0000050353.
Reuters code: GFII.PA Bloomberg code: FII FP