Thomson-CSF
1893 Compagnie Française Thomson-Houston was set up as a partner to General Electric Co[1].
Became Compagnie Francaise Thomson-Houston-Hotchkiss-Brandt
1968 Merger of the electronics arm of Thomson Brandt with Compagnie Générale de Télégraphie Sans Fil (CSF) to create Thomson-CSF.
1973 Thomson-CSF established a UK branch office[2]
1982 Thomson-CSF was 40 per cent owned by Thomson Brandt when it was nationalized. Shortly afterwards, in 1982, Thomson increased its interest in Thomson-CSF to more than 50 per cent, through purchases of shares from nationalised banks and insurance companies.
Between 1983 and 1987 the telecommunications and medical businesses were sold off; the semiconductor business was merged into SGS-Thomson, a 50:50 joint venture with Finmeccanica-IRI of Italy.
1984 Established UK subsidiary company
By 1988 Electronics and Defence Systems represented 92 per cent of the group's revenues.
c.1989 Acquired the larger part of Philips' European defence businesses
1990 Acquired Link-Miles, maker of flight simulators and training provider, from Biocoastal Corporation of the United States; this was added to Thomson-CSF's own simulator activities; acquired half of the Ferranti Sonar business, with an option for Thomson to acquire the rest; this was to be kept separate from Thomson's own sonar business, Sintra[3]; formed JV with Aérospatiale on avionics.
Activities included avionics, sonar, weapons and weapon systems, radars, radio communications, information technology, components and tubes, professional television equipment and field and support services.
1993 Acquired 49 percent of Short Missile Systems of Belfast, Rediffusion and Ferranti Systems
1994 Acquired the naval communications business Redifon and the defence business of Thorn-EMI
1996 Formed JV with GEC Marconi Sonar
1999 Acquired the remaining share of Short Missiles
2000 Acquired Racal Electronics, a UK defence electronics group, for £1.3 billion, allowing the group to become a systems integrator; also acquired Pilkington Optronics and Avimo, maker of infra-red cameras and thermal imaging.
2000 The company changed its name to Thales
See Also
Sources of Information
- Competition Commission 1991