Thales and Safran acquire Areva's stake in Sofradir
Safran and Thales have acquired Areva’s 20% stake in Sofradir, their jointly owned subsidiary and a world-class centre of excellence in infrared detector technology.
Sofradir is a leading supplier of infrared detectors to the optronics industry. Its technologies are used for a wide range of commercial and military applications, particularly night vision equipment. Sofradir employed 550 people and generated revenue of around €150 million. Most of its employees are based at the company’s development and production centre in Veurey-Voroize, near Grenoble, France.
Global LiDAR Market 2014-2018
Safran and Thales have raised their respective stake to 50% of Sofradir, compared to 40% previously. This transaction is part of the optronics partnership between Safran and Thales that was signed on 20 December 2011.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Safran S.A. (Paris: SAF.PA)