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March 16, 2022

ECA in exclusive talks with iXblue over proposed merger

The new combined entity is expected to be valued at approximately €800m.

ECA Group , a subsidiary of France-based Group Gorge, has entered an exclusive negotiation period to acquire 100% of iXBlue ‘s capital.

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The proposed merger is expected to create a European group that will deliver high-tech industrial solutions for the space, maritime and defence sectors.

The value of the new ECA GroupiXBlue entity is estimated at approximately $878m (€800m). It is also expected to have a combined backlog of more than $680.15m (€620m).

ECA Group CEO Dominique Giannoni said: “The joining of our two companies, which will employ over 1,500 people, offers great growth opportunities.

“Once combined, our various technological expertise will greatly help strengthen our leadership positions in our markets, while our complementary geographical footprint will enable us to better serve our customers by being closer to them.”

Founded in 1936, ECA Group has expertise in producing automated systems, robotics, simulation and industrial processes.

On the other hand, iXBlue specialises in design and manufacturing of advanced systems and solutions in the field of subsea positioning, underwater imaging, inertial navigation and simulation.

The alliance will contribute to integrated autonomous systems for the maritime sector, land robotics, naval equipment, underwater acoustics, and aeronautical equipment.

In addition, the combined entity will support the France 2030 Seabed Control Plan carried by the French Ministry of Armed Forces and the Ministry of Sea.

iXBlue president and CEO Fabien Napolitano said: “Our two companies share the same culture of innovation, agility and entrepreneurship that are at the heart of each of our DNAs and for which we are both recognised and valued.

“The new synergies created will not only ensure we keep this DNA but will also strengthen our capacity for innovation by leveraging our complementary expertise.

“This will allow us to continue to push the technological frontiers and support our customers in their most demanding challenges.”

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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