Radiall SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Radiall SA and ARaymond Announce Formation of Joint Venture Dedicated to Automotive Applications
Radiall SA and ARaymond announced, the finalization of an agreement establishing their joint venture, dedicated exclusively to the passive interconnection component market for automotive applications. According to this agreement, ARaymond acquires retroactively as of January 1st, 2012, 50% of the company RAYDIALL consisting of RADIALL's automotive division. This division, which generated approximately EUR 11 million in sales in 2011, will continue its expansion in the form of a joint venture, held equally by the two partners, with the stated goal of becoming a leading player in its sector. The scope of this project primarily includes the workforce of the Champfeuillet (Isere, France) site, of approximately 50 people dedicated to manufacturing and to research and development, and RADIALL's international automotive business assets, mainly in Germany, Italy and in the United States. At the same time, RAYDIALL will receive business support, from ARaymond's sales teams.
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