(CercleFinance.com) – Eurazeo announces the completion of the sale of its majority stake in the Orolia group, world leader in R-PNT (Resilient Positioning, Navigation and Timing) solutions and applications, to Safran on the basis of a multiple cash on cash of 3.7.
The transaction generated €189 million in proceeds for Eurazeo
euros.
With Jean-Yves Courtois, founder of Orolia, and his teams, Eurazeo contributed to the transformation of Orolia into an integrated pure player in France and abroad by providing it with the human and financial resources necessary for its structuring and its development, particularly in the United States, where the company now generates more than half of its turnover.
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