Neuilly-sur-Seine, 15 November 2012. Thales announces the acquisition of Sysgo AG, the European leader in safe and secure operating systems required for markets served by the Group such as aeronautics, space, transport, defence and security. Sysgo employs 80 people in Germany, France and the Czech Republic.
The operation will strengthen Thales’s leadership in embedded computing solutions for mission-critical applications. At the same time, it will bring Sysgo access to the market for Thales solutions, consolidating the company’s position as Europe’s leading provider of safe and secure operating systems while supporting its capacity to expand into new markets such as automotive.
Luc Vigneron, Chairman & Chief Executive Officer of Thales, called the acquisition “an excellent opportunity to bring on board dynamic teams of experts in advanced software technologies. This will accelerate the development of the next generation of operating systems, particularly for avionics applications. All of our markets will benefit from the key competencies of Sysgo, as the Group addresses growing safety and security requirements with new generations of multi-core processors.”
In a joint statement, the Executive Team of Sysgo, Michael Tiedemann and Knut Degen, said they were delighted to see the company being backed up by “an organisation with the breadth and calibre of Thales. This step boosts Sysgo’s technological and commercial development both within Thales and with our long-standing customer base in the open market . So all of us at Sysgo are very excited about the future development plan proposed by Thales, which is providing us with the ability, but also the freedom to promote the PikeOS operating system globally in all market segments.”
Sysgo will be a subsidiary of Thales while retaining its core mission and brand identity. The company will continue to be headquartered in Klein-Winternheim, near Frankfurt, Germany. Thales will rely heavily on the company’s current management and staff to ensure that Sysgo can guarantee continuity of service with existing customers.
CFP – now ACXIT Capital Partners – advised the shareholders of SYSGO AG in the trade sale to Thales Group.
Thales is a global technology leader for the Defence & Security and the Aerospace & Transport markets. In 2011, the company generated revenues of EUR13 billion with 67,000 employees in 56 countries. With its 22,500 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers as local partners. (www.thalesgroup.com)
About ACXIT
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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