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Thales — M&A Activity 2009
May 4, 2009
1699_rns_2009-05-04_cf61db81-0cbe-4956-b59d-a725149ebfc4.pdf
M&A Activity
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Press release
Complement on the purchasing price of the space activities acquired by Thales from Alcatel-Lucent in 2007
Neuilly-sur-Seine / Paris, May 4, 2009 - The 2007 agreements relative to the acquisition by Thales of the 67% stake of Alcatel-Lucent in Alcatel Alenia Space's capital included an earn-out clause whereby the final purchasing price would be subject to a re-examination by both parties in 2009, which could lead to a price complement in favour of Alcatel-Lucent.
The procedure, conducted by Thales and Alcatel-Lucent in accordance with the contractual arrangements and with the assistance of their respective advisory banks Lazard and The Royal Bank of Scotland, has led to record a price complement of Euros 130 million.
The price complement reflects the soundness of fundamentals and long-term perspectives of Thales Alenia Space, as well as the progress shown by this activity in spite of the present uncertainties in the global economic environment.
About Thales
Thales (Euronext Paris: HO) is a leading international electronics and systems group, addressing Aerospace and Space, Defence and Security markets worldwide. The Group's civil and military businesses develop in parallel and share a common base of technologies to serve a single objective: the security of people, property and nations. Thales's leading-edge technology is supported by 22,500 R&D engineers who offer a capability unmatched in Europe to develop and deploy field-proven mission-critical information systems. The Group builds its growth on its unique multidomestic strategy based on trusted partnerships with national customers and market players, while leveraging its global expertise to support local technology and industrial development. Thales employs 68,000 people in 50 countries with 2008 revenues of €12.7 billion.
About Thales Alenia Space
The European leader in satellite systems and a major player in orbital infrastructures, Thales Alenia Space is a joint venture between Thales (67%) and Finmeccanica (33%). Thales Alenia Space and Telespazio embody the two groups' "Space Alliance". Thales Alenia Space sets the global standard in solutions for space telecoms, radar and optical Earth observation, defence and security, navigation and science. The company has a total of 7,200 employees and 11 industrial sites, with design and manufacturing facilities in France, Italy, Spain and Belgium. www.thalesaleniaspace.com
| Thales Press contacts Caroline Philips |
Tel: + 33 (0)1 57 77 87 26 | [email protected] |
|---|---|---|
| Thales Investor Relations Jean-Claude Climeau |
Tel: + 33 (0)1 57 77 88 34 | [email protected] |
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of service providers, enterprises and governments worldwide, providing solutions to deliver voice, data and video communication services to end-users. A leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent leverages the unrivalled technical and scientific expertise of Bell Labs, one of the largest innovation powerhouses in the communications industry. With operations in more than 130 countries and the most experienced global services organization in the industry, Alcatel-Lucent is a local partner with a global reach. Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com
| Alcatel-Lucent Press Contacts Régine Coqueran |
Tel: + 33 (0)1 40 76 49 24 | [email protected] |
|---|---|---|
| Alcatel-Lucent Investor Relations Rémi Thomas Tom Bevilacqua Tony Lucido Don Sweeney |
Tel: + 33 (0)1 40 76 50 61 Tel: + 1 908-582-7998 Tel: + 33 (0)1 40 76 49 80 Tel: + 1 908 582 6153 |
[email protected] [email protected] [email protected] [email protected] |