(CercleFinance.com) – Eurazeo announces the completion of the sale to Safran of its majority stake in Orolia, a company specializing in R-PNT (Resilient Positioning, Navigation and Timing) solutions and applications.
The investment group specifies that this operation generated for it a disposal proceed of 189 million euros, i.e. a cash-on-cash multiple of 3.7 times and an IRR (Internal Rate of Return) of around by 25%.
Eurazeo adds that with its support, Orolia has doubled its organic growth rate and its profitability, while devoting more than 10% of its turnover to R&D each year, “giving it a unique technological lead in its markets”. .
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