Lumibird Announces Bid to Buy Areva's Stake in Cilas

Posted  by GoPhotonics

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LUMIBIRD, the European leader for laser technologies, has signed an exclusive agreement with AREVA to acquire its 37% stake in CILAS. This acquisition will strengthen LUMIBIRD's key position in Europe in the defence and civil markets.

The complementary nature of the CILAS and LUMIBIRD technology portfolios will enable them to benefit from dual (civil and military) technological synergies and constitute an offer and development capacity in laser subsystems and components that is unrivalled in Europe, with the human, technical and industrial resources to best meet the expectations of industry players.

Marc Le Flohic, CEO and founder of LUMIBIRD said that the acquisition of AREVA's stake in CILAS is a decisive strategic step in their merger project. It reinforces their vision of a sovereign industry in the field of lasers, based on agile industrial players capable of developing their technologies for the defence and space markets, as well as for many civil markets (aeronautics, industrial, medical, etc.). This acquisition will allow the emergence of a new player of sufficient critical size to effectively serve the interests of the major French integrators as well as those of the European States. The completion of this transaction will pave the way for the acquisition of other European tech champions that could enrich and accelerate this development model.

The acquisition, which is subject to the usual administrative authorisations, should be finalised in the next few days.


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