POWAY, Calif., 11 March 2008.Kontron AG, a supplier of embedded computer systems, has finalized its announced acquisition of the French company Thales Computers SA, a subsidiary of the Thales Group. The acquisition has now received the required approvals from both the workforce representatives and the French ministry of Economy and Finance. This means Kontron Modular Computers GmbH, a full Kontron subsidiary based in Kaufbeuren, is now the owner of all shares outstanding in the Thales Computers SA.
Thales Computers SA will generate annual sales of approximately EUR 20 million, and has a workforce of roughly 100 employees.
The company serves 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 U.S. (Mobile Rugged business - MRD). This division was sold to Crane Co, Stamford, Conn., in August 2007.
