ALTRAN TECHNOLOGIES 
By PRESS RELEASE
02/01/2012
Altran disposes of Arthur D. Little and Hilson Moran UK In accordance with the strategic plan announced on 19 October 2011 by Philippe Salle, Chairman and Chief Executive, the Altran group has completed the disposals of its subsidiaries, Arthur D. Little and Hilson Moran UK. Disposal of Arthur D. Little
On 30 December 2011, Altran sold Arthur D. Little and the
associated brand to 1886
Partnership, a company comprising the members of the
subsidiary's current management. Given the investments
carried out in Arthur D. Little since the company's
acquisition in 2002 and the sale price between €13m and €20m,
this disposal will represent a net accounting charge of
between €60m and €90m in Altran's consolidated accounts, of
which €38.6m have already been booked in the H1 2011
accounts. In accordance with IFRS 5, the whole of this charge
will be booked in the Group's 2011 full year accounts under
"Income on discontinued activities".
Furthermore, in order to accompany the takeover of Arthur D.
Little's activities by the new stakeholders, the Altran group
is making available to the 1886 Partnership company a funding
line of €15m maximum, to be reimbursed by EOY 2015 at the
latest and guaranteed by the Arthur D. Little brand.
On 22 December 2011, Altran also sold one of its British
subsidiaries, Hilson Moran UK, to an investment fund and the
company's managers for the agreed sum of GBP5m (about
€6m).
Altran group Chairman and Chief Executive Philippe Salle
stressed that, "The disposals of our Arthur D. Little and
Hilson Moran UK subsidiaries have put into effect the Group's
strategy, announced on 19 October 2011, to refocus on
innovation and information systems consulting and enables
Altran to reach a turning point in its development."
About Altran
As European leader in innovation and high
