AREVA finalizes RITZ High-Voltage acquisition
FACTS AND FIGURES / FINANCE
August 01, 2006
On June 30, 2006, AREVA T&D and the RITZ Group signed an agreement for the purchase of the RITZ High Voltage business by AREVA T&D.
The conditions precedent for the transaction's completion are now satisfied, and from August 1, 2006, the RITZ High Voltage business becomes fully part of AREVA T&D.
RITZ High Voltage is one of the top players in the instrument transformers industry, with sales of around €50 million in 2005 and 500 employees.
The synergies between the RITZ and AREVA T&D product portfolios and sales territories, especially in China and the United States, will make AREVA T&D number one in the worldwide High Voltage Instrument Transformers market.