Groupe Gorgé has announced that it has completed the acquisition of iXblue, a move that will bring together ECA Group and iXblue in the hopes of creating a European high-tech industrial champion in the fields of robotics, maritime, navigation, aerospace and photonics.
The two companies will benefit from a global workforce of 1,500 people and aims to achieve an annual turnover of €250 million. Together, iXblue and ECA Group will offer customers products ranging from components to complex systems to support critical missions in severe environments.
“In addition to our complementary activities, both our companies share a common DNA centered around innovation and entrepreneurship,” said Fabien Napolitano, President & CEO of iXblue. “This acquisition by Groupe Gorgé, that puts iXblue and ECA Group under the same roof, will enable us to create new synergies and strengthen our capacity to invest in research and development to offer solutions that are always at the cutting edge of technology.”
Dominique Giannoni, CEO of ECA Group, added: “With the combination of the technological expertise and global footprint of the two companies, we will provide unmatched value to our customers through our comprehensive portfolio of products and solutions. This operation consolidates our leadership in our markets and offers excellent growth prospects. The teams of our two companies have already started working closely together. We see great development opportunities that we are eager to share with our customers.”
