PR Newswire/Les Echos/
Safran completes the sale of Globe Motors Inc.
Paris, October 22, 2013 - Safran (NYSE Euronext Paris: SAF) today announced that
it has finalized the sale of Globe Motors Inc., a US-based subsidiary of Safran,
to Allied Motion Inc. on the basis of an enterprise value of approximately 90
million USD. The definitive agreement for the sale of Globe Motors was
originally announced on August 23, 2013.
* * * * *
Safran is a leading international high-technology group with three core
businesses: Aerospace (propulsion and equipment), Defence and Security.
Operating worldwide, the Group has 62,500 employees and generated sales of 13.6
billion euros in 2012. Working alone or in partnership, Safran holds world or
European leadership positions in its core markets. The Group invests heavily in
Research & Development to meet the requirements of changing markets, including
expenditures of 1.6 billion Euros in 2012. Safran is listed on NYSE Euronext
Paris and is part of the CAC40 index.
For more information, www.safran-group.com / Follow @SAFRAN on Twitter
Catherine Malek +33 (0)1 40 60 80 28 firstname.lastname@example.org
Peter Campbell Tél. : +33 (0)1 40 60 35 96 email@example.com
Frédéric Lucand Tél. : +33 (0)1 40 60 82 19 firstname.lastname@example.org
2, bd du Général Martial Valin
75724 Paris Cedex 15 - France
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.
-0- Oct/22/2013 06:29 GMT
Press spacebar to pause and continue. Press esc to stop.