AREVA and Astorg Partners Have Signed an Agreement for the Sale of Canberra

  AREVA and Astorg Partners Have Signed an Agreement for the Sale of Canberra

Business Wire

PARIS -- April 3, 2013

Regulatory News :

AREVA (Paris:AREVA) and the French private equity manager Astorg Partners
signed an agreement for the takeover of Canberra, AREVA’s nuclear measurement
subsidiary, by Astorg Partners.

This agreement follows the announcement of October 22, 2012 that exclusive
negotiations had started with Astorg Partners for this transaction.

The closing of the transaction, which remains subject in particular to
regulatory authorizations, is planned before the end of the first semester of

This transaction is part of the "Action 2016" strategic action plan set out by
AREVA in December 2011, which envisaged the sale of assets with a view to
contribute to reduce the indebtedness of the group and finance its strategic
and safety investment program. The conclusion of this sale will allow the
group to greatly exceed the floor target of 1.2 billion euros for assets
disposal over the 2012-2013 period. According to the terms of the agreement,
Astorg Partners will foster continuity of social policies and practices as
well as employment safekeeping.

Canberra, whose headquarters are located in Meriden, Connecticut, USA, is a
leader in the nuclear measurement sector. The company generated sales of
around 250 millions euros in 2012 and employs 1,050 persons worldwide
(including around one fourth in France).

Joël Lacourte, Managing Partner of Astorg Partners, stated: “We are very
pleased to have been chosen by AREVA to drive a new phase in Canberra’s
development. Following ten years of organic and external growth, the Canberra
group has become one of the world leaders in nuclear radiation measurement
instruments. Astorg will enthusiastically seek to continue this impressive
path, alongside Camberra’s partnering management team and employees, and will
endeavour to maintain the privileged relationship with French players of the
nuclear power industry.”

Luc Oursel, AREVA’s Chief Executive Officer, stated: “AREVA is confident on
Canberra’s capacity, with the support of its new shareholder, to carry on its
development with a sustainable industrial and social project.”

                                    * * *

More about AREVA (

AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The Group is also expanding its
operations to renewable energies – wind, solar, bioenergies, hydrogen and
storage – to be one of the leaders in this sector worldwide.
With these two major offers, AREVA’s 47,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of

More about ASTORG Partners ( :

Astorg is an independent private equity fund management company, specializing
in European mid-market buyouts with total funds under management of over €2
billion. Astorg seeks to partner with successful and entrepreneurial
management teams, to acquire businesses - very often family-owned - with
attractive growth prospects, which Astorg supports through the provision of
experienced governance and adequate capital. Astorg enjoys a distinct
entrepreneurial culture, a lean and local decision-making body enhancing its
reactivity, and has a commitment to its partnering management teams. Although
a multi-sector investor, Astorg has developed solid industry expertise in
healthcare, business-to-business professional services and niche industrial
companies selling differentiated products (often high technology driven).


Press contacts
Julien Duperray
Katherine Berezowskyj
Vincent Kempkes
Jérôme Rosso
Alexandre Thébault
T : +33 (0) 1 34 96 12 15
F : +33 (0) 1 34 96 16 54
Investors relations
Marie de Scorbiac
T: +33 (0) 1 34 96 05 97
Philippine du Repaire
T: +33 (0) 1 34 96 11 51
ASTORG Partners
Astorg Partners
Joël Lacourte
T : + 33 (0)1 53 05 40 33
Publicis Consultants
Robert Amady
T : +33 (0)1 44 82 46 31
Press spacebar to pause and continue. Press esc to stop.