Airbus giant in the space industry decided to
sell her company to produce electronic equipment for defensive purposes to the
American investment company "KKR" in a deal worth 1.1 billion Euros
(856 million pounds).
European company said
that the deal will appear in final form in the first quarter of 2017, noting
that it may retain a minority stake out.
He sold the company's
president, Bernard Geroyrt, that the unit "will see a strong
development" under the KKR management.
Airbus is working on
getting rid of many of its branches to focus on the activity of the missile
defense industry and military aircraft and space vehicles and satellites.
European company hopes
generally in the disposal of assets with total annual revenues of nearly 2
billion Euros.
And it works in the
defense electronics unit 4 thousands of people around the world and has annual
revenues of almost one billion Euros.
Unity is part of the arm of Airbus Industries
Defense and Space.
The company operates in
the field of military industry sensors electronic warfare and avionics
electronics and fiber optics.
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