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AREVA TA and AREVA S.A. have sold the entirety of their shareholdings, of 66% and 34% respectively, in the capital of their subsidiary ELTA to the ECA Group, a subsidiary of Groupe Gorgé.
ELTA, a company based in Toulouse (South West of France) has been specialized in the development, marketing and in-service support of electronic equipment and systems for severe environments for the aeronautical and space industry since 1975.
Founded in 1990, Groupe Gorgé is an independent industrial group, specialized in high technology products and services designed to ensure the safety of people and property (smart safety systems, protection in nuclear environments and industrial projects & services) and 3D Printing. Groupe Gorgé revenues amounted to around € 265 M for fiscal year 2015.
This sale of ELTA to the ECA Group is part of AREVA TA's strategic plan that aims to refocus its activities on the nuclear sector. It also allows ELTA to benefit from the backing of a long-term shareholder that will be able to support its strategic and industrial development.
The employee representative bodies of ELTA and AREVA TA have been informed and consulted with regards to the sale.