SERCEL acquires a 20% interest in CYBERNETIX
Date: July 06, 2006
As part of CYBERNETIX s management effort to balance its industrial shareholding structure, the Company and Sercel announce that Sercel has acquired shares held by Comex and its management. CYBERNETIX’s share capital is now distributed between its chairman and CEO Gilles Michel (18.5%), Comex (20.4%), Sercel (20%), the Truffle Ventures fund (18,1%) and the float (23%). Sercel would be granted a seat on the board of the Company.
Through this investment, Sercel intends to reinforce the technical partnership established with CYBERNETIX in offshore oil equipment, which is one of the key areas for expansion of the Marseilles based company.
Gilles Michel, Chairman and CEO of CYBERNETIX declared “With this transaction CYBERNETIX benefits from a more stable shareholders base further to its restructuring, and will be able to reinforce its presence in the offshore market through its alliance with a leading company in the oil and gas sector”.