(CercleFinance.com) – Mersen announces the acquisition of GMI Group (Graphite Machining Inc), an expert in the purification and machining of graphite and carbon composites, which will contribute approximately $40 million to revenue (on an annual basis).
This acquisition allows Mersen to increase its machining capacities for graphite and insulation felts in the United States and to strengthen its leading positions in certain markets such as aeronautics, process industries and energy.
It represents a cash outflow of around 50 million dollars for the French group, but will be accretive to its net profit. It will be consolidated in Mersen’s accounts from July 1.