Lumibird purchases Areva’s stake in Cilas
Acquisition strengthens the company’s position in Europe in the defense and civil markets.
Lumibird, a European provider of laser technologies, has finalized the acquisition of Areva’s 37 % stake in Cilas after obtaining the necessary administrative authorizations.
The complementary nature of the Cilas and Lumibird technology portfolios will enable them to benefit from dual (civil and military) technological synergies and constitute an offer and development capacity in laser subsystems and components that is unrivaled in Europe, with the human, technical and industrial resources to best meet the expectations of industry players.
For Marc Le Flohic, CEO and founder of Lumibird, “the acquisition of Areva’s stake in Cilas is a decisive strategic step in our merger project. It reinforces our vision of a sovereign industry in the field of lasers, based on agile industrial players capable of developing their technologies for the defense and space markets, as well as for many civil markets – aeronautics, industrial, medical, and so forth. This acquisition will allow the emergence of a new player of sufficient critical size to effectively serve the interests of the major French integrators as well as those of the European states. The completion of this transaction will pave the way for the acquisition of other European tech champions that could enrich and accelerate this development model.”
