Brief: ESI Group to acquire Civitec

ESI SA

30/03/2015 07:31

March 30 (Reuters) - ESI Group SA  ESIG.PA : 
    * Said on Saturday it is to acquire Civitec 
    * After finalization of the full operation, which is being 
financed by the Group`s credit facilities, ESI Group will own 80 
pct of the company`s capital 
    * Civitec is a spin-off of IFSTTAR, the French Institute of 
Science, Transport Technology and Network Development which 
until recently was its main shareholder 
    * Acquisition gives ESI Group access to the advanced driver 
assistance system market  
 
     
 Source text for Eikon:  ID:nBw2F3jGla  
     
 Further company coverage:  ESIG.PA   
    
 
 
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