Groupe Gorgé announces the approval of all the resolutions put to the vote at the Combined General Meeting held today in Paris. The group’s shareholders voted 99.99% in favor of the sale of the activities of the Engineering & Protection Systems division, for a value of the shares of €27.4 million, to Pélican venture, a family company Throat
1
. This operation is the last step in the simplification of the group’s activities started in 2018. The precise terms of the operation were communicated on October 24, 2022 in a dedicated press release (link) and were the subject of a report independent expert report drawn up by Crowe HAF (Olivier Grivillers).
The use of the sale proceeds will be studied by the Board of Directors after the end of the sale process, which should take place before the end of the first quarter of 2023. There are no plans to invest this cash in new branches of ‘activity.
As part of this transaction, the shareholders also approved the change of the group’s corporate name, which now becomes Exail Technologies, taking the name of its main subsidiary. Exail Technologies will thus be able to start the year 2023 with increased readability and a simplification of its structure. The group’s focus on Exail’s activities, which are more profitable, have good visibility and are positioned in buoyant markets, should very significantly improve the group’s economic performance and profitability ratios. Following this change of name, the stock ticker code of the company becomes EXA.
Two new independent directors, Julie Avrane and Pierre Verzat, were also appointed during this General Meeting in order to strengthen governance and reflect the transformation of the group. Their experience of strategy, growth and post-acquisition integration issues within cutting-edge technological industrial sectors are particularly relevant in the current context of the merger between ECA Group and iXblue.
Biographies of Julie Avrane and Pierre Verzat
Julie Avrane is a graduate of the National School of Telecommunications in Paris and the College of Engineers. She also holds an MBA from INSEAD. Senior Associate Director of McKinsey & Company, in the Paris office from 1999 to July 2020, Julie Avrane led the firm’s Advanced Industries business unit in France (advanced electronics, aerospace and defense, automotive and assembly industry ). She also co-hosted the high tech and telecom skills center at European level.
Before joining the Paris office of McKinsey, Julie Avrane notably worked as a researcher with Bull Honeywell in the United States in 1993 then with Cogema (Areva) in 1994 and as a business analyst within the McKinsey office. in London for two years from 1995 to 1997.
Pierre Verzat is an engineer from Ecole Polytechnique and ENSTA, and began his career in 1986 as a naval engineer specializing in nuclear propulsion. In 1992 he became CEO of BEA (Dalkia Group), before joining the AREVA group as CEO of ELTA then SVP Industry, Transport and Environment of Technicatome. He joined the EADS group in 2005 as SVP Engineering and Industry of Astrium Space Transportation and then Chief Operating Officer of Astrium Space Services. Since 2011 he has been Chairman of the Management Board of the SYSTRA Group.
In 2016, Pierre Verzat received the European CEO of the Year award from the Association for Consultancy and Engineering (ACE) in the United Kingdom. He is a Knight of the Legion of Honor. Since 2018, he has been Chairman of Syntec-Ingénierie.
About Exail Technologies
Exail Technologies is an industrial company specializing in advanced technologies in the fields of autonomous robotics, navigation, aerospace and photonics. Based on a strong entrepreneurial culture, Exail Technologies provides performance, reliability and safety to its civil and military customers operating in harsh environments. From the bottom of the ocean to the far reaches of space, the group increases the capabilities of its customers through its components, products and systems. Exail Technologies generates its revenues in nearly 80 countries.
Exail Technologies is the new name of Groupe Gorgé, adopted following the merger of the companies ECA Group and iXblue, now united under a common banner.
Exail Technologies is listed on Euronext Paris Compartment B (EXA).
|
contacts: | ||
|
Investor Relations Hugo Soussan Such. +33 (0)1 44 77 94 86 h.soussan@ exail-technologies.com Claire Riffaud |
Media relations Manon Clairet Such. +33 (0)1 53 67 36 73 [email protected] |
[1]
In accordance with the regulations, the Gorgé family, main shareholder of Groupe Gorgé (indirectly via Pelican Venture and directly), did not participate in the vote on the proposed sale during the Combined General Meeting.
This post has the “? Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
mpluZZluZmydnJtsYcZsbWlql5xnw2mYmpWVmmialpuUcGlhnW5pmZSVZnBomm1r
– To check this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Other press releases
Full and original press release in PDF format:
https://www.actusnews.com/news/77585-cp_exail-technologies_ag-du-8-decembre-2022_fr.pdf
© Copyright Actusnews Wire
Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com