Publication: Journal of Aerospace and Defence Industry News Issued: Date: 1998-12-17 Reporter: Stuart Ibberson

French Companies Merge to Form Thomson-CSF Detexis

 

Publication 

Journal of Aerospace and Defense Industry News

Date 1998-12-17

Reporter

Stuart A. Ibberson

Web Link

www.aerotechnews.com/starc/121498/121798d.html

 

Dassault Electronique, Thomson-CSF Radars & Contre-Mesures and Thomson-CSF Missile Electronics, presently making up Thomson CSF's Airborne Systems Business Group, are going to merge have announced their intention to merge.

The new company will be called Thomson-CSF Detexis.

The chairmen of Dassault Electronique, which joined the Thomson-CSF Group in June 1998, Thomson-CSF Radars & Contre-Mesures and Thomson-CSF Missile Electronics signed the merger agreements Nov. 27, 1998. The merger will become effective Jan. 1, 1999, and the new company's chairman and chief executive officer will be Jean-Robert Martin.

Thomson-CSF Detexis will be a public limited company with a capital of 1,152,782,000 French francs. It will be 100 percent held by Thomson-CSF. The head office will be in Saint-Cloud (West of Paris), France. Thomson-CSF Detexis and its subsidiaries will gather approximately 7,200 employees, with more than 75 percent engineers and technicians.

After the new company becomes operational Jan. 1, Thomson-CSF Detexis will then develop its international leadership with its European partners in the fields of electronic warfare, airborne radars, missile electronics, as well as information technology and systems.

Through its subsidiaries, and as part of its own development, Thomson-CSF Detexis will pursue the civil activities already undertaken by its constitutive companies, especially in the field of aeronautics, transportation and electronic fund transfer.

With acknowledgement to Stuart Ibberson and the Journal of Aerospace and Defence Industry News.