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MBDA Sells ALKAN Business to Argos Soditic Investment Group |
Released on Monday, May 21, 2007
MBDA SELLS ALKAN BUSINESS TO FRENCH INVESTMENT GROUP
MBDA today sold its interests in French aerospace equipment company ALKAN to the ARGOS-SODITIC capital investment group.
The European missile systems leader sold all of ALKAN’s activities in carriage systems and ground handling mechanical equipment, representing 80% of the company’s annual turnover, but will retain ALKAN’s countermeasures business. The countermeasures activities, employees, sales contracts and associated assets will all be transferred and re-integrated within MBDA’s operations in France.
Through this divestment, MBDA is continuing its strategy to give priority to and optimise its investment in its core business: missile systems.
For ALKAN, the primary business objective is to sell carriage systems for all types of platforms. As such, the company’s priority is to develop alliances across the aero-equipment industry within both France and Europe.
ARGOS-SODITIC is an independent European capital investment group specialised in the acquisition and development of enterprises ranging in size from €20m to €200m. The group plans to use the acquisition of ALKAN to develop a military and civil aero-structures business hub which federates with and around ALKAN a number of other equipment companies in the sector.
ALKAN’s management team is associated with the venture via the Aerostructures Civiles et Militaires de France (ACMF), a specially-created management holding.
Marwan Lahoud, MBDA’s Chief Executive Officer, said : «This divestment represents a significant opportunity for the development of ALKAN and I would like to underline that this sale will have no impact on employment either within ALKAN or within MBDA France.»
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ACMF - Aerostructures Civiles et Militaires de France
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