Groupe Gorgé : Groupe Gorgé changes dimension in defence - target price raised to € 22.5
>Focus on naval defence for respectable multiples for the sector - Groupe Gorgé and its subsidiary ECA were not the favourites to acquire IXblue, particularly with Thales in the running. GOE's proposal, with what looks to be a slightly lower offer, but including management in the capital, was preferred, while the presence of Hervé Guillou (former CEO of Naval Group) as director of the board of ECA, will clearly have worked in the family-owned group’s favour. The EV is...Groupe Gorge is a holding company engaged in three areas of operation: Smart Safety Systems (develops Smart Safety Systems designed to operate in hostile and constrained environments for civil and defense sectors); Protection in Nuclear Environments (protection solutions in nuclear environments: shielding by partition systems in nuclear power stations & protection against radiation for staff working in nuclear environments); and Industrial Project Services (industrial projects and maintenance, creating production tools and turnkey operation areas, projects and services in industrial robotics, iron works, automation, 3D printer offerings, electricity and fire fighting systems).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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