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ACQUISITION OF LEICA VECTRONIX & LEICA TECHNOLOGIES INC
03 February 2003 - Sagem Communication
| SAGEM announced today the acquisition of LEICA VECTRONIX and LEICA TECHNOLOGIES Inc, the two companies involved in Optronics for Defence from the Swiss Group LEICA GEOSYSTEMS. The two companies employ 103 persons, most of them located in Switzerland. |
SAGEM announced today the acquisition of LEICA VECTRONIX and LEICA TECHNOLOGIES Inc, the two companies involved in Optronics for Defence from the Swiss Group LEICA GEOSYSTEMS. The two companies employ 103 persons, most of them located in Switzerland. LEICA VECTRONIX, registered in Heerbrugg (Switzerland), is specialized in nightvision, portable reconnaissance and target designation equipment. The synergy in technologies (thermal imaging, light intensifier devices, Laser diode, digital magnetic compass) will enable Sagem to be well positioned to outfit the rapid deployment force. The product ranges of both companies are highly complementary. LEICA VECTRONIX's international network, which covers five continents, offers attractive sales prospects. These acquisitions will reinforce SAGEM's Optronics Activity for Defence and are part of the Group's development strategy. LEICA VECTRONIX and the USA located Sales Company LEICA TECHNOLOGIES Inc, record an annual turnover of about 50 MEUR. Over a quarter of it is made with the US Army and the operating result is amounting to 8 MEUR. Acquisition price is 40 MEUR.
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About: Sagem Communication
Sagem Communication is organized in two Business Groups: Mobile Communication and Broadband Communication.Mobile Communication Sagem brand mobile phones enjoys a strong presence in world markets – Europe, Middle East, Africa, Asia and Latin America – thanks to continuous technological innovations, including build-in cameras, colour screens, multimedia messaging, WAP, GPRS, modules and modems, etc. The Mobile Communication Business Group operates a Research & Development center in Cergy, northwest of Paris, and a production plant at Fougères, in the Brittany region of France. Industrial and commercial partnerships with other telecom players have opened access to new international markets, including China and Brazil. China: a joint venture with Bird, the leading domestic manufacturer of mobile phones, called "Ningbo Bird Sagem Electronics Corporation Ltd". Brazil: a joint subsidiary with Gradiente, to handle the production and marketing of Sagem mobile phones. Broadband Communication The Broadband Communication Business Group designs, develops and produces a complete line of products for the high-growth broadband, video and printing markets. A proven capability for innovation led to technological breakthroughs that give Sagem products high-profile positions in these highly competitive markets: the first DLP flat-screen TVs in Europe, the first embedded image correction in terminals, DECT wireless phones with mobile phone functions (SMS, hi-fi ring tones, directory, etc.), TVs and set-top boxes with build-in card readers, etc. The Broadband Communication Business Group also deploys a Europe-wide network of subsidiaries, called National Sales Organization (NSO), that distributes Sagem brand products to all major European retailers. Sagem has signed a number of agreements with OEMs, meaning that Sagem products are used by the world’s leading brands and most European operators. |
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