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Mersen — M&A Activity 2010
Apr 2, 2010
1518_iss_2010-04-02_c1ccce67-b52f-4754-af97-f3d9466d72e7.pdf
M&A Activity
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Carbone Lorraine is acquiring 85% of Boostec, a French high-tech company with 35 employees and sales of around €7m in 2008. Boostec develops innovative ceramic products used mainly in space applications. EADS/Astrium, Boostec's main partner, is retaining a 15% stake.
Boostec has unique expertise in designing and manufacturing solid silicon carbide (SiC) components, particularly for large space and ground-based observation telescopes.
This acquisition adds to the materials and technologies at Carbone Lorraine's disposal as it expands its range of solutions for extreme environments. Carbone Lorraine will use Boostec's expertise in sintered silicon carbide to make large SiC and reinforced SiC products. This will enable it to achieve further expansion in strategic markets such as solar photovoltaic energy, chemicals and pharmaceuticals, as well as new markets such as solar thermal energy.
The acquisition forms part of Carbone Lorraine's profitable growth strategy, which includes strengthening its leading positions in buoyant markets.
PRESS RELEASE
Paris, April 2nd 2010 2/2
About Carbone Lorraine
World leader of graphite solutions and electrical components, Carbone Lorraine specializes in the implementing of high technology materials in demanding industrial environments and in the development of systems, which are fundamental to the smooth operation of the motor and the protection of electrical equipment. With over 85% of its sales carried out internationally, the Group holds leadership positions in all of its occupations.
| Advanced Materials and Technologies: | - N°1 worldwide in anti-corrosion equipment in graphite |
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| - N°2 worldwide in high temperature applications of isostatic graphite |
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| Electrical Components and Technologies: | - N°1 worldwide in brushes for electrical motors |
| - N°1 worldwide in fuses for powerful semi-conductors | |
| - N°2 worldwide in industrial fuses |
The Group is listed at Premier Marché de la Bourse de Paris and is a part of the following indices CAC Mid100, SBF120 et Next 150. Find Carbone Lorraine on Bloomberg: CRL FP and on Reuters: CBLP.PA
Visit our Internet website www.carbonelorraine.com
Analyst and Investor Contact
Stéphanie Atellian VP Investor Relations Carbone Lorraine
Tel.: +33 (0)1 46 91 54 49 [email protected]
Press Contact
Publicis Consultants Vilizara Lazarova
Tel.: +33 (0)1 57 32 86 46 [email protected]