AREVA T&D has signed an agreement with the Ritz Group setting forth the legal and financial terms for the acquisition of the group’s high-voltage instrument transformers activities.
Ritz High Voltage, with annual sales of €50 million and approximately 500 employees, provides instrument transformers.
Once the suspensive conditions have been met, the acquisition process should be completed by the end of the summer to allow integration of this activity into AREVA T&D’s operations.
This deal is in line with AREVA T&D’s targeted acquisition strategy to reinforce each product line.
