Groupe HLD Acquires Photonis (now Exosens) from Ardian

Thales Acquires Gorgé Family Stake in Exail Technologies for €3.9 Billion

July 7, 2026

Aerospace & Defense

Thales has signed a binding agreement to acquire the Gorgé family concert’s 35.51% stake in Exail Technologies, targeting 100% ownership through a mandatory tender offer at €134 per share. The deal is expected to close in the third quarter of 2027 for the stake purchase, with the full tender offer process planned to complete by early 2028 at the latest, subject to regulatory approvals.

Exosens acquires Emberion

April 27, 2026

IT Services

French imaging technology provider Exosens has acquired Finnish photonics company Emberion. Emberion developed quantum dot infrared imaging technology used for imaging solutions, and the deal is described as strengthening Exosens’ position in imaging.

THEON INTERNATIONAL Acquires 9.77% Stake in Exosens from HLD Europe

January 7, 2026

Aerospace & Defense

HLD Europe has completed the sale of a 9.77% stake in Exosens to THEON INTERNATIONAL at a price of €54 per share. After the transaction HLD Europe retains a 22.35% stake in Exosens; THEON (a European night-vision and thermal imaging manufacturer) takes a strategic minority position in the company.

Exosens Acquires LR Tech

September 2, 2024

Manufacturing

Exosens (Euronext: EXENS) has completed the acquisition of Quebec City–based LR Tech, a developer and manufacturer of FTIR spectroradiometers. The purchase adds FTIR instruments to Exosens’ high-performance instrumentation portfolio—strengthening its offering for defense, aerospace, environmental and scientific research markets and supporting Exosens’ bolt-on growth strategy.

indie Semiconductor Acquires EXALOS AG for $45 Million

September 27, 2023

Manufacturing

indie Semiconductor has completed the acquisition of Swiss photonics company EXALOS AG for about $45 million in stock, with up to $20 million of additional contingent consideration tied to 24-month revenue-based performance targets. The deal secures EXALOS' SLED and SOA technologies and a team of ~17 engineers to expand indie's laser and silicon photonics portfolio and accelerate its Autotech offerings to global tier‑1 suppliers and automotive OEMs.

Groupe HLD Acquires Infodis

March 16, 2023

IT Services

Groupe HLD has acquired Infodis, a French IT integration and infrastructure outsourcing specialist with about 600 employees. HLD said Infodis will leverage the group's financial and operational support to accelerate development in France and internationally and pursue targeted acquisitions of high value‑added IT expertise; the transaction follows LBO France's prior majority ownership.