(AOF) – Logic Instrument jumped 23.23% to 0.61 euros after signing a promise to acquire 100% of the shares of Elexo, a subsidiary of the Atos group, in order to create the national solutions integrator mobile ruggedized in critical environments and hostile environments. The new entity could deliver more than 33 million euros in aggregate turnover for the 2023 financial year and an Ebitda margin greater than 5%.
Since 1971, Elexo has specialized in the distribution of rugged and semi-rugged laptops and rugged tablets, particularly for defense, but is also an architect of solutions in testing, measurements, network security and telecoms.
The Logic Instrument and Elexo portfolios thus consolidated would bring together different ministries, integrators such as Thalès or RheinMetall but also large European industrial groups. The new group would primarily target France and Germany but would also have all the skills for extensive distribution in England, Benelux and Southern Europe.
The potential transaction is expected to close in the fourth quarter of 2023.
Finally, Logic Instrument intends to continue its development through organic and external growth and is targeting a turnover of 50 million euros by 2025.