Final: Kontron buys Thales Computers
-- Control Engineering, 3/7/2008
Eching, Germany / Neuilly sur Seine, France — Kontron AG, one of the world's leading suppliers of embedded computer systems, has finalized its previously announced acquisition of the French company Thales Computers SA, a subsidiary of the Thales Group, it announced today, March 7. The acquisition received required approvals from workforce representatives and the French ministry of Economy and Finance. Kontron Modular Computers GmbH, a 100% Kontron subsidiary based in Kaufbeuren, now owns all shares outstanding in the Thales Computers SA.Kontron says Thales Computers SA will generate annual sales of approximately EUR 20 million, and has a workforce of around 100 employees, with strengths in the high-end application areas in the government, aerospace, and transportation sectors. According to statements made by Ulrich Gehrmann, CEO of Kontron AG, the acquisition represents a strategic purchase for Kontron since it compensates Kontron for its disinvestment from its mobile, rugged embedded computer business in the US (Mobile Rugged business - MRD). This division was sold to Crane Co., Stamford, CT, in August 2007.
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— Edited by Mark T. Hoske, editor in chief
Control Engineering News Desk
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