LISI grants Daher exclusive negotiations to acquire the floor covering business of its subsidiary Indraero Siren
Paris, May 31, 2016 – The Daher Group submitted a firm bid acquire the floor covering business and assets owned by LISI subsidiary Indraero Siren.
In response, LISI has granted Daher exclusive negotiations.
Specialized in installing woven and non-woven floor coverings for commercial aircraft, the business posted sales revenue of €8 million in 2015 and has forecast €11 million in 2016. It employs 55 people and is based in Colomiers, France, near the Toulouse airport business park.
The addition of this business will enable the Daher Group to draw fully on operational synergy, strengthening its position in international markets for commercial aircraft floor coverings with both aircraft manufacturers and airlines.
The acquisition remains subject to the approval of the required authorizations and clearances.