Thales acquisition of Exail Technologies
Thales agreed to buy the Gorgé family's stake in Exail, the French naval drone and inertial navigation group, followed by a tender offer for 100%.
- Company
- Exail Technologies
- Type
- M&A
- Status
- Announced
- Date
- 6 Jul 2026
- Value
- €3.9bn
- US$ equivalent
- US$4.5bn
- Value basis
- About €3.9bn enterprise value; €134 per share for the Gorgé family's 35.51%, then a tender offer for the rest
- Region
- France
- Segment
- Naval and underwater systems
Parties
- Thales buyer
- Gorgé family seller
Key terms
- Price
- €134 per share, a 44% premium
- Stake first acquired
- 35.51%
- Expected closing
- Stake by Q3 2027; tender offer by early 2028
Sources
- Janes: Thales agrees start of Exail takeover janes.com · 10 Jul 2026
- Baird Maritime: Thales moves closer to acquiring Exail bairdmaritime.com · Jul 2026
Record DEF-INV-2026-0023. Investments are kept apart from the financings register and never counted in debt totals.
