United Kingdom

Altran sells unit dealing with U.S. utilities clients to CriticalPoint Capital

Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Altran Technologies Sa ::* Altran announces the closing of the sale of its U.S. Power & Industrial Engineering Services Division to an affiliate of CriticalPoint Capital ("CPC"), a private investment firm headquartered in Manhattan Beach, California.* The division has been treated as a discontinued operation in Altran's financial statements from H1 2017.* Discontinuation of this activity should translate into a negative non recurring result from discontinued operation of around €15 million in the Group's financial statements for the full year of 2017, subject to final review of the auditors, that has no impact on the Group result from continued operations.