ESI Group

ESI Group and FAW-Volkswagen TE Forge Strategic Partnership to Advance Automotive Intelligent Simulation Technology

Retrieved on: 
Tuesday, April 2, 2024
Technology, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Other Transport, Automotive, Trucking, Vehicle Technology, Transport, Software, Electronic Design Automation, Data Management, Consumer Electronics, FAW-Volkswagen, Research, Volkswagen Group, FAW-VW, Partnership, ESI, ESI Group, CAE, Memorandum of understanding, Safety, Automotive industry

ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.

Key Points: 
  • ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry.
  • The collaboration between ESI Group and FAW-VW TE aims to address the challenges posed by China's automotive safety regulations and drive industry innovation.
  • Through this partnership, the two entities will aim to drive innovation and efficiency in intelligent simulation, and work towards establishing a localized automotive industry material database, thereby enhancing cooperation in advancing intelligent simulation technology across the industry.
  • FAW-VW TE awarded ESI Group the prestigious "CAE Trusted Advisor" award, recognizing ESI's outstanding support in advancing virtual simulation technology in the automotive industry.

Keysight Announces Result of Cash Tender Offer for Shares of ESI Group

Retrieved on: 
Wednesday, January 10, 2024
Technology, Semiconductor, Telecommunications, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, AMF, ESI Group, ESI, Keysight, Person, Security (finance)

Keysight Technologies, Inc. (NYSE: KEYS) announced that the French Financial Markets Authority (Autorité des Marchés Financiers – AMF) published today the final results of the public tender offer initiated by Keysight Technologies, Inc., through its fully owned subsidiary Keysight Technologies Netherlands B.V (“Keysight”), for ESI Group’s shares (the “Offer”).

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) announced that the French Financial Markets Authority (Autorité des Marchés Financiers – AMF) published today the final results of the public tender offer initiated by Keysight Technologies, Inc., through its fully owned subsidiary Keysight Technologies Netherlands B.V (“Keysight”), for ESI Group’s shares (the “Offer”).
  • Upon the settlement-delivery of the Offer, which will occur on 18 January 2024, Keysight will hold a total of 6,055,000 ESI Group shares representing 98.2% of the share capital and 96.4% of the theoretical voting rights of ESI Group1.
  • Based on this result, Keysight will shortly formulate a request to the AMF to implement the squeeze-out, as indicated in the Offer Document relating to the Offer.
  • The squeeze-out will be subject to the same financial conditions as the Offer, namely 155 euros per ESI Group share in cash.

Keysight Announces Launch of Cash Tender Offer for Remaining Shares of ESI Group

Retrieved on: 
Thursday, November 30, 2023
Technology, Telecommunications, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, AMF, Disclosure, Three-tier system (alcohol distribution), Acquisition, NYSE, THIS, CRIMINAL, Georgeson, COMMENT, Judgement, ESI, ESI Group, AND, Health insurance, Security (finance), Keysight

Earlier this month, Keysight Technologies Inc., through its fully owned subsidiary Keysight Technologies Netherlands B.V., completed the acquisition of 50.6% of the shares of ESI Group for 155 euros per share.

Key Points: 
  • Earlier this month, Keysight Technologies Inc., through its fully owned subsidiary Keysight Technologies Netherlands B.V., completed the acquisition of 50.6% of the shares of ESI Group for 155 euros per share.
  • The Board of Directors and management of ESI Group fully support the Keysight offer, and consider that it is in the best interests of ESI Group, its employees, and its shareholders, and recommend that they tender their shares.
  • Georgeson is acting as proxy agent for the institutional shareholders of ESI Group (contact: Matthieu Simon-Blavier, Head of Market France, [email protected] ).
  • Holders of the shares of ESI Group domiciled in the United States (the “U.S.

Keysight Announces the Filing of a Tender Offer for all Remaining Outstanding Shares of ESI Group at a Price of 155 Euros Per Share

Retrieved on: 
Tuesday, November 7, 2023
Technology, Telecommunications, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, NYSE, COMMENT, CRIMINAL, News, ESI Group, Mass meeting, Disclosure, THIS, Acquisition, Judgement, Audit committee, BNP Paribas, Two-tier tender offer, Compensation, ESI, AND, AMF, Health insurance, Security (finance), Management, Accounting, Keysight

Keysight Technologies, Inc. (NYSE: KEYS), which currently owns 50.6% of the share capital and 46.3% of the theoretical voting rights of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”), today announces the filing of the tender offer for all remaining outstanding shares of ESI Group.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS), which currently owns 50.6% of the share capital and 46.3% of the theoretical voting rights of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”), today announces the filing of the tender offer for all remaining outstanding shares of ESI Group.
  • J.P. Morgan SE and BNP Paribas are acting as presenting banks on the Offer, with BNP Paribas acting as guaranteeing bank.
  • The tender offer, as well as the draft offer document, will remain subject to review by the AMF, which will assess their conformity with the relevant legal and regulatory provisions.
  • Based on this, the Board unanimously concluded that, in its reasoned opinion, the Offer was in the best interests of ESI Group, its shareholders and its employees.

Keysight Completes the Acquisition of a Controlling Block of Shares of ESI Group and Confirms its Intent to Launch a Tender Offer for the Remaining Outstanding Shares

Retrieved on: 
Friday, November 3, 2023
Technology, Telecommunications, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, ESI, BNP Paribas, ESI Group, Acquisition, NYSE, AMF, Health insurance, Security (finance), Euronext Paris, Keysight

Keysight Technologies, Inc. (NYSE: KEYS), today announced the successful acquisition of shares representing 50.6% of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”).

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS), today announced the successful acquisition of shares representing 50.6% of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”).
  • Keysight Technologies also confirms its intention to proceed with the filing of a mandatory tender offer (« offre publique d’achat ») for all remaining outstanding shares of ESI Group, at a price of 155 euros per share (the « Offer ») in the coming days.
  • The timeline of the Offer, which will be decided by the AMF, will be published at a later stage.
  • J.P. Morgan SE and BNP Paribas are acting as presenting banks on the Offer, with BNP Paribas acting as guaranteeing bank.

International Equal Pay Day: ESI Group Fosters Gender Equity at Work and Globally Raises Salaries for Women Returning From Maternity Leave

Retrieved on: 
Monday, September 18, 2023
Technology, Engineering, Automotive Manufacturing, Aerospace, Human Resources, Manufacturing, Other Transport, Trucking, Rail, Maritime, Professional Services, Machine Tools, Metalworking & Metallurgy, Transport, Software, UN Women, SDG, Gender equality, International, Senior, Workplace, Policy, Woman, Human, CSR, UN, ESI, ESI Group, Environment, Empowerment, WEP, Nursing

September 18th commemorates International Equal Pay Day , an occasion dedicated to raising awareness about unequal pay and advocating for the closure of the gender pay gap.

Key Points: 
  • September 18th commemorates International Equal Pay Day , an occasion dedicated to raising awareness about unequal pay and advocating for the closure of the gender pay gap.
  • This year, Equal Pay Day for all women was Tuesday, March 14th, 2023 whereas Moms’ Equal Pay Day occurred on August 15th.
  • ESI Group maintains its steadfast gender-neutral compensation policy, using objective market data tailored to employee positions and organizational levels, irrespective of gender.
  • Moreover, the Group has been recognized for its initiatives to promote gender equity in the workplace, among numerous other CSR initiatives.

Keysight Advances Software-Centric Solutions Leadership Through the Acquisition of ESI Group

Retrieved on: 
Thursday, June 29, 2023
Apps, Applications, Technology, Mobile, Wireless, Semiconductor, Telecommunications, Software, Networks, Internet, Data Management, ESI Group, History, Acquisition, ESI, NYSE, Security (finance), Video game, Management, Cryptocurrency, Euronext Paris, Keysight

Keysight Technologies, Inc. (NYSE: KEYS) announced its intention to acquire the entire share capital of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”) at a price per share of 155 euros in cash.

Key Points: 
  • Keysight Technologies, Inc. (NYSE: KEYS) announced its intention to acquire the entire share capital of ESI Group SA (Euronext Paris Symbol: ESI) (“ESI Group”) at a price per share of 155 euros in cash.
  • Founded in 1973, ESI Group is a leading innovator of virtual prototyping solutions in automotive and aerospace end markets.
  • Satish Dhanasekaran, President and Chief Executive Officer of Keysight, said:
    “Keysight’s acquisition of ESI Group accelerates our strategy of providing software-centric solutions with virtual prototyping and advanced simulation capabilities.
  • The Keysight team looks forward to working with the world-class talent at ESI Group to unlock opportunities and drive our combined success.”
    Cristel de Rouvray, Chief Executive Officer of ESI Group, said:
    “I am delighted for ESI to announce this significant milestone today with Keysight.

ESI Group’s IC.IDO Weave Accelerates Product Development and Enterprise Decision-making in the Industrial Metaverse

Retrieved on: 
Thursday, May 11, 2023
Other Manufacturing, Technology, Other Technology, Professional Services, Manufacturing, Software, Electronic Design Automation, Data Management, Other Professional Services, Weave, EVP, ESI, Heavy equipment, ISIN, Chief technology officer, ESI Group, Trust, XR, Peter Hancock (professor), Automotive industry, Online shopping, Industrial design

ESI Group (ISIN Code: FR0004110310, Symbol: ESI), a leading simulation and virtual prototyping software provider for industries worldwide, has announced the launch of IC.IDO Weave.

Key Points: 
  • ESI Group (ISIN Code: FR0004110310, Symbol: ESI), a leading simulation and virtual prototyping software provider for industries worldwide, has announced the launch of IC.IDO Weave.
  • IC.IDO Weave builds on the full potential of ESI Group's existing IC.IDO offers to create a novel approach in the industrial metaverse.
  • We continue to lead the way with product assembly reviews in an industrial metaverse.
  • This latest launch is in line with the added value ESI Group wants to bring to its customers with IC.IDO: ‘ESI.

Constellium to provide closed-loop recycling for the all-new Megane E-TECH Electric

Retrieved on: 
Thursday, April 27, 2023
Welding, DNA, Partnership, Recycling, University, Constellium, CSTM, Carbon, NYSE, University of Lorraine, ESI Group, Alloy, News, CO2, Neuf-Brisach, Metal, Renault Megane E-Tech Electric, Automotive industry

PARIS, April 27, 2023 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today its agreement with Renault Group to establish a closed-loop recycling process for the all-new Megane E-TECH Electric.

Key Points: 
  • PARIS, April 27, 2023 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) announced today its agreement with Renault Group to establish a closed-loop recycling process for the all-new Megane E-TECH Electric.
  • Renault Group has developed a closed-loop recycling process to bring manufacturing scrap from the stamping process directly back to Constellium, resulting in a reduced CO2 footprint.
  • “The closed-loop recycling we had first established for the former vehicles manufactured in Douai are now further optimized for the production volumes of the all-new Megane E-TECH Electric.
  • The company is substantially expanding its recycling capacity, with a €130 million investment for a new recycling center at its facility in Neuf-Brisach, France, which is expected to provide an additional ~130kt of recycling capacity by 2025.

Sportradar Announces Nomination of Two New Directors at Upcoming 2023 Annual General Meeting

Retrieved on: 
Monday, April 24, 2023
Interim, IPO, AT, Novellus Systems, Internet of things, Lam Research, Marketing, VR, Federal Open Market Committee, Scient, AT&T Corporation, AI, ESI Group, Salesforce, Piping Technology and Products, Guidewire Software, Nomination, Management, Blockchain, Ripcord, Sportradar

In addition to Ms. Ramanathan and Mr. Kurtz, the candidates for the seats include seven incumbent directors advanced by the board.

Key Points: 
  • In addition to Ms. Ramanathan and Mr. Kurtz, the candidates for the seats include seven incumbent directors advanced by the board.
  • Currently, Ms. Ramanathan is a member of the board of directors of ESI Group, a French publicly traded company providing virtual prototyping software solutions and services.
  • She has also chaired ESI’s Technology and Marketing Committee and since September 2022 she has chaired ESI’s Compensation Committee and the Nomination and Governance Committee.
  • Jeffery Yabuki, Chairman of the Board of Directors, said: “On behalf of the entire board of directors, we thank Chuck Robel for his outstanding service to Sportradar.