Industries
Thales Group on the sales of Thales Telematics plc to Cybit
Background
Steen Associates advised Thales Group on the strategic divestment of certain non-core telematics businesses as part of a portfolio optimisation initiative.
About the transaction
The transaction involved the sale of Thales’ telematics businesses serving the logistics and security tracking industries. The assets were sold to two separate buyers, one based in the United Kingdom and one in France, enabling a focused divestment across multiple jurisdictions.
About the client
Thales Group is a global technology company active across defence, aerospace, transportation and security markets. The divested telematics businesses provided tracking and monitoring solutions for logistics and security applications, operating outside Thales’ core strategic focus.
Date:
February 2007
Service:
Sell side
Size:
Undisclosed
Deal locations:
