Thales agrees to acquire Exail stake ahead of planned tender offer
Thales signed a binding agreement to buy the Gorgé family’s 35.51% Exail stake at €134 per share, with a mandatory tender offer planned for the rest of Exail.
Evidence notes
- The transaction values Exail at an implied enterprise value of about €3.9 billion.
- Thales said the acquisition would expand its underwater-warfare scale and inertial-navigation capabilities.
- Closing of the initial stake purchase is expected by Q3 2027, with the tender offer expected to close by early 2028 at the latest.
Company context
Thales supplies aerospace, defence, security and digital systems, including sensing, drones, counter-drone systems, mission software and autonomy-related technology.