PR Newswire/Les Echos/
Saft receives firm commitment to acquire
its Small Nickel Battery business in Nersac, France
Paris, January 11th , 2013 - Saft, the world leader in the design and
manufacture of advanced technology batteries for industry announces that it
received at the end of 2012 a firm offer from Fin'Active, a French investment
company to acquire its Small Nickel Battery (SNB) business based in Nersac,
Saft has given exclusivity to Fin'Active and has begun the consultation
process with the workers council.
Once this process is finalised, Fin'Active will acquire the Small Nickel
Battery business and its entire workforce of around 340 people. Fin'Active
supports the strategy proposed by SNB's management which includes Saft
providing electrodes to the new company for the coming years.
The price proposed for the transaction would lead Saft to record a loss on
disposal of approximately 10 million euros. The impact on the Group's cash
position would be limited to a few million euros, representing the working
capital needs of the divested business
"I am delighted to receive this firm offer and I am confident Fin'Active has
the motivation to support and develop the SNB activity in Nersac for the years
ahead." said John Searle, Chairman of Management Board, Saft Groupe.
Saft (Euronext: Saft) is a world leader in the design and manufacture of
advanced technology batteries for industry. The Group is the world's leading
manufacturer of nickel batteries and primary lithium batteries for the
industrial infrastructure and processes, transportation, civil and military
electronics markets. Saft is the world leader in space and defence batteries
with its Li-ion technologies which are also being deployed in the energy
storage, transportation and telecommunication markets. Saft's 4,000 employees
present in 19 countries, its 16 manufacturing sites and extensive sales
network all contribute to accelerating the Group's growth for the future.
For more information, visit Saft at www.saftbatteries.com
Fin'Active (www.finactive.fr) is a consulting and investment company, taking
direct and indirect majority stake -holding positions in indus trial or
service companies, which are undergoing or require significant change.
Fin'Active has a strong interest in businesses related to metal and energy and
is majority shareholder of Grolleau, a company specialized in the design and
production of telecommunications, electrical and industrial cabinets, and has
founded Sun'Active to promote renewable energies and which finances and
operates several photovoltaic installations in France. Fin'Active believes
that the storage of energy between the phase of production and consumption
will become an increasingly important topic.
Jill Ledger, Saft, Directrice de la Communication et des Relations
Tél. : +33 1 49 93 17 77, e-mail : firstname.lastname@example.org
FTI Consulting Strategic Communications
Stéphanie BIA, Tel: +33 1 47 03 68 16, email@example.com
Clément BENETREAU, Tel: +33 1 47 03 68 12, firstname.lastname@example.org
Matthew STROUD, Tel: +33 1 47 03 68 63, email@example.com
Astrid VILLETTE, Tel: +33 1 47 03 68 63 firstname.lastname@example.org
N° 02-13 www.saftbatteries.com
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-0- Jan/11/2013 07:58 GMT
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