FERRANTI SONAR UNIT TO GO INTO VENTURE WITH THOMSON

by CBR Staff Writer| 08 February 1990

Ferranti International Plc announced yesterday that it was broadening its joint venture agreement with Thomson-CSF SA and planned to put the current sonar systems operation of Ferranti Computer Systems Ltd into a 50-50 joint venture company with Thomson. Thomson will pay Ferranti UKP32m for the 50% stake in the unit, which had sales of about UKP40m in the year to March 1989, on which it made UKP4.7m operating profit, with assets valued at UKP13.4m.

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