Alcatel Space and Finmeccanica

Type
Merger/Acquisition
Country
France
Region
Provence-Alpes-Côte d’Azur; Provence-Alpes-Côte d’Azur; Alpes-Maritimes
Location of affected unit(s)
Cannes
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
100 jobs
Number of planned job creations
Job creation
Announcement Date
16 May 2005
Employment effect (start)
Foreseen end date

Description

The merger between the French Alcatel Space and the Italian Finmeccanica will create about one hundred jobs in a new operational headquarter in Cannes. The expansion of the site, thanks to the help of the Cannes city council, will allow Alcatel to reorganize its site and settle its new firm. Creation and production of satellites will be the at the core of the site's activity.

Sources

  • 16 May 2005: Les Echos

Citation

Eurofound (2005), Alcatel Space and Finmeccanica, Merger/Acquisition in France, factsheet number 61696, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61696.