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Thales reinforces its share in leading Portuguese aerospace and defence provider

Edisoft S.A. celebrates the beginning of a new era by moving its HQ to a new office in Paço de Arcos on the western side of Lisbon. This new era was officially presented last July 17th in a ceremony held with the presence of the Secretary of State of National Defense, Mrs. Berta Cabral, the three chiefs of Staff (Navy, Army and Portuguese Air Forces) and Mr. Pierre Mathieu.

During this ceremony, it was highlighted the new competencies and skillsets brought into the company as well the new export business opportunities that this reinforcement made by Thales, one of the world’s foremost industrial players in Defence and Aerospace, opens to the Portuguese industrial sector.

After successful negotiations with the company’s shareholders, Empordef, Empresa Portuguesa de Defesa (SGPS) and Navegação Aérea de Portugal, NAV Portugal, E.P.E., Thales strengthened its original 30% stake to a 65% controlling stake. The remaining shares continue to be owned by the other two shareholders, Empordef and NAV Portugal, each one with 17.5%.

This position further strengthens Thales’s already strong position in the country recognizing key synergies in the capabilities between the two organisations. Commenting on this significant deal, João Araújo, Thales Portugal Country Director said: “Edisoft is a reference enterprise of the Portuguese Aerospace and Defence sectors and we are delighted to have joined forces. As we continue to consolidate our position as a leading player in the Portuguese market it is important to further strengthen our local engineering team in order to reinforce our competitiveness in the local market.”

The new site offers outstanding conditions and reinforces the commitment of the Shareholders with the future of Edisoft, after the strategic move done by Thales with the reinforcement of its shareholding position in Edisoft.