Sicli Holding has made a firm purchase offer for the acquisition of the Vulcain Group and its subsidiaries Vulcain Prévention Incendie, CEMIS Système de Sécurité Incendie, Société Française de Préventique, SAMMIEE, CPSA and SDI. Sicli Holding is a company that operates in the UTC Climate, Controls & Security division of the United Technology Group (NYSE: UTX) one of the world's leading providers of technological solutions for the aerospace and construction industries.
The Vulcain Group has a national presence, and is involved in 3 main families of activities: fire detection, in particular through its subsidiary CEMIS, fire prevention with the company Vulcain Prévention Incendie and the training / planning activity with the French Preventive Society.
The finalization of this acquisition remains subject to the usual preconditions such as consultation of the works councils of certain companies of the group and the approval of the Competition Authority in charge, in particular, of the control of the merger operations. This acquisition should be finalized in the second quarter of 2016.
Sicli Holding has issued a binding offer to acquire all the shares in the companies comprising the Vulcain Group: Vulcain Prévention Incendie, CEMIS Système de Sécurité Incendie, Société Française de Préventique, SAMMIEE, CPSA and SDI. Sicli Holding is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX), a leading provider to the aerospace and building systems industries worldwide.
The Vulcain Group has a national coverage in France and provides three types of services: fire detection through its CEMIS subsidiary, fire prevention through its Vulcain Prévention Incendie subsidiary and training activities and safety services through its Société Française de Préventique subsidiary.
The completion of the acquisition remains subject to customary conditions precedent such as the consultation of the works council of certain companies of the Vulcain Group and approval by the French Competition Authority. Closing of the acquisition is expected to take place in the second quarter of 2016.