Groupe Gorge takes full control of fire safety subsidiary AI Group

June 3 (SeeNews) – French robotics and automated systems maker Groupe Gorge (EPA:GOE) announced on Wednesday it has completed the acquisition of the 49% stake in subsidiary AI Group it did not own.

AI Group, which specialises in active fire safety for industrial use, was 51% owned by Groupe Gorge and 49% - by its executives until now.

The stake buy-out consolidates Groupe Gorge’s positions in the fire safety segment, which accounted for 70% of the group’s industrial projects and services business last year.

AI Group’s two managing executives have committed to provide operating support to ensure smooth transition by the end of the year.

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