FRANCE - Initiatives & Finances acquires SLAT MBO
Initiatives & Finances has signed an agreement to purchase SLAT, a power supplies company, from 3M in an MBO deal.
SLAT designs, manufactures and sells power supplies and chargers for safety and security application sector as well as the telecommunications and industrial automation sectors. SLAT is based in Champagne au Mont d'Or near Lyon and employs 62 people. In 2008 the company generated a turnover of around EUR 12m.
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