Industrials
Thales Group on the sale of Thales Telematics SAS to Sanef
Background
Steen Associates advised Thales Group on the divestment of certain non-core telematics businesses.
About the transaction
The transaction involved the sale of Thales’ telematics activities serving the logistics and security tracking industries. The businesses were sold to two separate buyers, one based in the United Kingdom and one in France, allowing Thales to further streamline its portfolio.
About the client
Thales Group is a global technology leader operating across defence, aerospace and security markets. The divested telematics businesses provided tracking and monitoring solutions for logistics and security applications.
Date:
March 2007
Service:
Sell side
Size:
Undisclosed
Deal locations:
