Thales to Buy Exail Stake from Gorgé Family; Plans Mandatory Tender Offer at EUR3.9 Billion Valuation
Thales (HO.PA) agreed to buy the Gorgé family's 35.51% stake in Exail Technologies (EXA.PA), with plans to fully acquire the autonomous robotics and navigation systems company after. The defense technology group said Monday that the stake acquisition from the Gorgé family is expected to be completed by the third quarter of 2027, subject to relevant antitrust and regulatory approvals. Following completion, the company plans to launch a mandatory tender offer for 100% of Exail's shares and ODIRNANE bonds, with closing expected at the start of 2028. Both transactions will have a price of 134 euros for each Exail share. Thales said the full acquisition is expected to be accretive to adjusted EPS in the first year after the acquisition.
Thales (HO.PA) agreed to buy the Gorgé family's 35.51% stake in Exail Technologies (EXA.PA), with plans to fully acquire the autonomous robotics and navigation systems company after.
The defense technology group said Monday that the stake acquisition from the Gorgé family is expected to be completed by the third quarter of 2027, subject to relevant antitrust and regulatory approvals.
Following completion, the company plans to launch a mandatory tender offer for 100% of Exail's shares and ODIRNANE bonds, with closing expected at the start of 2028.
Both transactions will have a price of 134 euros for each Exail share.
Thales said the full acquisition is expected to be accretive to adjusted EPS in the first year after the acquisition.