MECELEC S.A. (ENXTPA:MCLC) acquired Besacier from Seconde Chance for €1.8 million on June 12, 2014. The consideration will be spread out over three years with a fixed amount of €1.2 million which will be paid in OCA in 2014 and a variable part of €0.6 million and will be supplied with a guarantee of credit and liability. Besacier will stay independent entity and operate as wholly owned subsidiary of MECELEC. Besacier had revenue of €6.9 million and net income of €0.3 million in 2013. The transaction is expected to close on July 1, 2014. Arnaud Vergnole of Advance Capital acted as financial advisor and Gilles Fresel of Quadratur acted as legal advisor to MECELEC.

MECELEC S.A. (ENXTPA:MCLC) completed the acquisition of Besacier from Seconde Chance on June 12, 2014.