PARIS, January 16 /PRNewswire-FirstCall/ –
– Bull Confirms its Strategic Repositioning
Bull today announces having signed on January 11th, 2008 with Elco, an agreement to sell 100% of its subsidiary, Maine Circuits ImprimÃƒÂ©s (Maine CI).
An Italian leader in printed circuits, Elco is present in the aerospace, military, industrial and telecommunications markets. In 2006, Elco achieved revenues of 25 million euros.
Based in Angers (France), Maine CI is specialized in complex and multi layer printed circuits. Maine CI targets the aerospace, military, scientific and technology markets. With 80 people and revenues of 7 million euros in 2006, Maine CI is a French leader in circuit prototypes and small series. Maine CI has a large customer portfolio including key names.
Elco opens up a new growth potential to Maine CI while capitalizing on the Group's international presence and widened offerings. In addition, Elco also is committed to an investment of several million euros in Maine CI within the next two years, enabling Maine CI to fulfil customers' new expectations.
This transaction embodies Bull's capacity to achieve its transformation while reaching its objectives.
Maine CI will join Elco's consolidation scope as of January 1st, 2008. About Bull, Architect of an Open World(TM)
As one of the leading European IT companies, Bull delivers open, flexible and secure information systems. The group helps public and private sector customers transform their information systems, applying its know-how and expertise in three main areas:
– Capitalizing on its extensive mainframe experience, Bull designs and produces robust, innovative and open servers, based on industry-standard technologies;
– Building on its alliances with leading ISVs and long-standing involvement with Open Source, Bull develops and implements flexible and interoperable application infrastructures which give business processes the freedom to evolve;
– Bringing together recognized expertise in end-to-end IT security, Bull secures data and exchanges that are so critical in preserving customers' business integrity.
Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 60 countries worldwide.
For more information visit: http://www.bull.com
An Italian leader in technical printed circuits, Elco is present in the aerospace, military, semi-conductors, industrial, automotive and telecommunications markets. With nearly 400 employees, Elco is based near Rome and has facilities in China and Spain.
For more information visit: http://www.elco-group.com Press Contact Anne-Marie Jourdain Phone: +33(0)1-30-80-32-52 E-mail:email@example.com Investor Relations Peter Campbell Phone: +33(0)1-3-0-80-32-36 firstname.lastname@example.org