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LISI S.A. — M&A Activity 2017
Oct 31, 2017
1484_iss_2017-10-31_c47a6b0f-f0dd-4407-9dbd-fceb52e6781b.pdf
M&A Activity
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Belfort, October 31st, 2017
The LISI Group confirms finalization of the acquisition of 51% of TERMAX LLC
The LISI Group (Euronext Paris - ISIN code: FR 0000050353) today announced the finalization of acquisition of 51% of TERMAX LLC.
This announcement concludes the process initially disclosed in the press release issued on September 21st, 2017; it reaffirms the strategy of LISI AUTOMOTIVE which aims to strengthen its globally recognized position as a specialist in the production of clipped solutions for automotive OEMs and Tier 1.
This transaction was carried out through LISI Holding North America, 100% subsidiary of LISI.
Effective October 31st, 2017 the transaction leads to the global consolidation of TERMAX (a LISI AUTOMOTIVE Company) in the LISI Group as of November 1st, 2017 and represents a major step in the development of the Group.
Contact Emmanuel VIELLARD Telephone: 03 84 57 00 77 Email: [email protected] Website: www.lisi-group.com
LISI is listed on Euronext, compartment A and is listed on CAC® AERO & DEF., CAC® All Shares, CAC® Industrials, under the ISIN code: FR 0000050353. LISI is a world leader in fasteners and assembly components for the aerospace, automobile and medical implants sectors.
Reuters Code: GFII.PA Bloomberg Code: FII FP