Astorg Partners set to acquire Areva's radiation unit
Astorg Partners has entered negotiations with French energy company Areva over the acquisition of its radiation measurement unit Canberra.
The sale of Canberra is part of Areva's Action 2016 strategic plan implemented in December 2011.
Astorg has held several portfolio companies in the energy and power sector over the past few years, including electronic equipment company Photonis, which it acquired from AXA Private Equity in July 2008 and sold back to AXA PE in September 2011. Astorg has also had in its portfolio French oil and gas advisory firm Geoservices, which is currently owned by technology provider Schlumberger, and French water allocation services company CIS, currently owned by German utilities billing company Ista International.
Astorg's current portfolio companies in the sector include electrical equipment manufacturer Microconnections and Swiss mining business Metalor.
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