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MBDA acquires Centum T&S assets in France

MBDA acquires Centum T&S assets in France

- European missile maker MBDA said on Monday it had acquired most of the activities of French electronic engineering firm Centum T&S, creating a wholly owned French subsidiary and taking on more than 200 employees.

  • Centum T&S had been in court-supervised restructuring since March 3, according to company registry filings.

  • MBDA will take over Centum T&S's activities at its Ecully, Moirans and Palaiseau sites.

  • The company said the new, wholly owned subsidiary will ensure continuity of client contracts and help accelerate production in France.

  • CEO Eric Béranger said the acquisition would support MBDA's project ramp-up and create a new employment base in the Auvergne-Rhône-Alpes region.


(Reporting by Hugo Lhomedet. Editing by Mark Potter)

((hugo.lhomedet@thomsonreuters.com))

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