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AREVA finalises RITZ acquisition


AREVA T&D and the RITZ Group have signed an agreement finalising the purchase of the RITZ High Voltage business by AREVA T&D.

The conditions precedent to the transaction’s completion, have now been satisfied, and from August 1, 2006, the RITZ High Voltage business became 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, is conducive to the success of AREVA T&D in the High Voltage Instrument Transformer industry.

16-Mar-2007
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