Technip Acquires Control of Cybernétix

Tuesday, November 15, 2011

Technip entered into an agreement with Gilles MICHEL, his holding Askoad Conseil, Comex SA and Sercel Holding, for the acquisition of all of their interests in Cybernétix S.A., representing approximately 45.7% of Cybernétix’s share capital, at an aggregate purchase price of approximately 14.1 million euros. Signing of this agreement follows today's positive opinion of Cybernétix Works' Council in relation to Technip’s acquisition of the entire interests of  Cybernétix reference shareholders, as announced in the press release of November 4, 2011. The purchase price is 19 euros per share for each of the four blocks. In accordance with the General Regulations of the French Autorité des marchés financiers (AMF), following the settlement of the purchase of the blocks of shares, Technip will file with the AMF a cash tender offer to purchase the remaining shares of Cybernetix at the same price of 19 euros per share.

Cybernétix’s board of directors, which was held today, co-opted two representatives of Technip as directors and appointed the firm Détroyat as independent expert in connection with the cash tender offer. Thierry PILENKO, Chairman and CEO of Technip stated: "Technological differentiation is a key feature of Technip’s growth strategy. This is the context in which Technip is making the current acquisition, which will enable the Group to benefit from the unique know-how and technological expertise of Cybernétix, particularly in the design, manufacture and deployment of robotic systems in hostile environments." Gilles MICHEL, Chairman and CEO of Cybernétix commented that: "I welcome this agreement with Technip, a world leader in energy services. Technip's strong efforts in the fields of research and development, its global footprint and its customer base will help to accelerate the development Cybernétix technologies."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

WireCo Acquires Netherlands’ Endenburg

Company will open new crane distribution center WireCo WorldGroup Inc., the world’s leading producer and marketer of specialty steel ropes and high synthetic ropes,

Keppel Q1 Profits Dip Slightly

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million,

Hapag-Lloyd, CSAV Merger Finalized

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd

Finance

Crashes in Crucial US Crude Waterway Hit 10-year Low

Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting

All Items Approved at Stolt-Nielsen Meeting

Stolt-Nielsen Limited announced that all agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held yesterday in Bermuda.

Three European firms win Angola deepwater deals

Three European companies have won contracts for almost half the value of Angola's $16 billion ultra-deepwater Kaombo oil project, confirming a trend toward bigger

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2568 sec (4 req/sec)