Intertechnique is to be taken over by another French aviation equipment company, Zodiac, ending speculation of a takeover by a US or UK bidder.
The move signals a further consolidation of the French equipment industry, following the merger of Latécoère and Hurel-Dubois in August. The deal, valued at around Fr3 billion ($500 million), provides for Zodiac to take the 32.18% of Intertechnique held by the Bolloré group and a further 31.25% held by the Dassault family. The combined operation will be worth Fr8 billion, around two-thirds of which will be in the civil sector, mainly concerned with supplying Airbus Industrie.
Zodiac is France's premier supplier of aircraft passenger seats and cabin and passenger escape equipment, while Intertechnique specialises in fuel and electrical and oxygen equipment for the civil and military sectors.
Source: Flight International
