CS GROUP (EPA:SX) - CS Group enters exclusive negotiations with MOLTEK Consultants Ltd
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28/11/2018 19:30
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Press Release
Ambition 2021 Plan: acquisition in the Space Industry
CS Group enters exclusive negotiations with MOLTEK Consultants Ltd
Le Plessis Robinson - 28 November 2018 - CS Group has entered exclusive
negotiations to acquire MOLTEK Consultants Ltd.
MOLTEK was formed in 1995 and is an international technology and consulting
organisation providing knowledge and resources in core skills to organisations
within the Space Industry.
As a designer, integrator and operator of mission-critical systems, CS is an
established international partner in the field of systems and services for
space missions and applications. CS provides proven products and skills,
successfully used for major space missions; launchers and satellites (from
large to nano satellites), and for any type of orbit (Low Earth, Medium Earth,
Sun Synchronous or Geostationary Earth Orbit, and also interplanetary and Deep
Space orbits). Space activities currently represent 20% of CS Group revenues.
CS has ambitious growth objectives in the Space Industry in Europe. MOLTEK
would be an ideal complement to CS Space activities and would allow CS to
strengthen its positions and to deliver comprehensive services to its key
clients, including European Space Agency and EUMETSAT. MOLTEK experts would
benefit from wider opportunities created by the integration into CS Group, an
organisation of about 2000 people, with leading market positions and
complementary expertise.
This project would be a new step in the CS Ambition 2021 plan, which aims to
achieve annual revenues of 300 MEUR and an operating margin of 8% within 3
years, through organic growth, and external acquisitions targeting the defence,
space and cybersecurity markets.
Closing would be completed in Q1 2019, subject to customary conditions
precedents.
About MOLTEK Consultants Ltd:
MOLTEK is an international technology and consulting organisation providing
knowledge and resources in core skills to organisations within the Space,
Defence, Aviation, Air traffic Management. MOLTEK was formed in 1995,
specifically to provide dedicated and focused consulting services. MOLTEK
services include consulting services, contract services, permanent recruitment,
operations, facilities management and training. MOLTEK revenues are about 3.5
MEUR, with close to 30 Consultants staff on its payroll.
www.moltek.com
About CS Group:
CS is a major actor in the design, integration and operation of mission
critical systems in Defense & Security, Space, Aeronautics and Energy sectors.
CS is listed on the Euronext Paris stock markets - Compartment C (Shares:
Euroclear 7896 / ISIN FR 0007317813). www.c-s.fr
Press relations
Barbara GOARANT
+33 (0)1 41 28 46 94
Investors contact
Laetitia Desfossés
+33 (0)1 41 28 44 44