31 July 2017
31 July 2017
July 31th, 2017 - Bertin Technologies announces the acquisition of 100% of the share capital of the Swedish company Exensor from Verdane NVP II SPV K/S, Marginalen Group AB, Erland von Hofsten Advokat AB and a further 16 private investors.
Exensor, an international leader in sensors and protection networks for sensitive areas and infrastructures
The headquarters of Exensor, founded in 1987, are located in Lund, in Sweden. Exensor has subsidiaries in the UK and in Germany. Exensor has key international clients in the Defense and Security sector.
This operation will strengthen and speed up the strategic development of Bertin Technologies on the global instrumentation and surveillance market for defence and security applications.
Philippe Demigné, Chairman of Bertin Technologies: We are very excited to build a successful common future with Exensor, a global leader in unattended sensor networks for protection of Defense Forces and protection of Critical Infrastructures. Exensor is indeed very complementary to Bertin activities in this area, in terms of products and global market reach and this acquisition fully fits the strategic positioning of CNIM in those markets
Christian Gravengaard, CEO of Exensor: We are pleased to complete this transaction and we are very excited about our future with Bertin. I am confident that the Exensor business is well positioned to contribute to the combined company's success while supporting our customer's future needs. The transaction enables us to continue our expansion in a growing market from a position of real strength, which will benefit our customers and employees alike.
EY acted as lead financial advisor to the shareholders and Vinge provided legal advice. Bertin was advised on the financial side by Financière Cincinnatus and by Darrois on the legal side.