Navigation company iXBlue acquired by Groupe Gorgé

Photo: ixBlue

Groupe Gorgé has acquired navigation company iXblue. The move will bring together iXblue and Groupe Gorgé subsidiary ECA Group.

Groupe Gorgé is a European company specializing in high-tech industrial solutions for the robotics, maritime, navigation, aerospace and photonics markets. Together, iXblue and ECA Group will provide customers with components and complex systems to support critical missions in severe environments.

The two companies will have a global workforce of 1,500 people and will achieve an annual turnover of €250 million.

“In addition to our complementary activities, both our companies share a common DNA centered around innovation and entrepreneurship,” said Fabien Napolitano, president and CEO of iXblue. “This acquisition by Groupe Gorgé, which puts iXblue and ECA Group under the same roof, will enable us to create new synergies and strengthen our capacity to invest in research and development to offer solutions that are always at the cutting edge of technology.”

Dominique Giannoni, CEO of ECA Group, added, “With the combination of the technological expertise and global footprint of the two companies, we will provide unmatched value to our customers through our comprehensive portfolio of products and solutions. This operation consolidates our leadership in our markets and offers excellent growth prospects. The teams of our two companies have already started working closely together. We see great development opportunities that we are eager to share with our customers.”