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Home>General Meeting Approves the Business Combination between the Quantel Group and the Keopsys Group

General Meeting Approves the Business Combination between the Quantel Group and the Keopsys Group

General Meeting Approves the Business Combination between the Quantel Group and the Keopsys Group

10/06/2017

General Meeting Approves the Business Combination between the Quantel Group and the Keopsys Group

Regulatory News:

At the combined general meeting today, Quantel's (Paris:QUA) shareholders approved the business combination with the Keopsys Group, based on integrating all the Keopsys Group companies within the Quantel Group, as announced on June 23 and July 3, 20171.

This strategic business combination will create a new European champion for laser systems, with more than 400 employees and over €80 million of revenues2, present in France, the US and Japan.

With its very profitable business on high-growth markets, Keopsys will provide Quantel with its fiber laser technology expertise, its extensive base of prestigious clients, particularly in the Telecoms and Industry sectors, and its industrial production methods to serve increasingly competitive markets.

Marc Le Flohic, Quantel Group Chairman and CEO, stated: “I would like to thank the shareholders for their support for this business combination. They are creating a major European operator with leading technical and industrial positions through its unique expertise in the most important and innovative laser technologies. This alliance between Quantel and Keopsys will open up outstanding opportunities for growth, particularly for defense, optical sensors for the automotive and environment markets, and the medical sector. The extensive technological, industrial and commercial synergies and the strong level of motivation among the teams are just some of the assets that will help ensure the success of this new business project”.

A press release with the meeting report and voting results will be issued by the Company in the coming days.

Overview of the conditions for the business combination

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