Alcatel Sells Saft

In January, telecommunications giant Alcatel sold Saft, its subsidiary specializing in batteries, to Doughty Hanson & Co. for 390 million euros.

Saft, headquartered in France, is the leading manufacturer of industrial and specialty batteries, employing 4000 people in 14 sites worldwide.

The acquisition is Doughty Hanson’s first private equity investment in France, following Yann Duchesne’s appointment to run its Paris office in 2003. The independent fund management company has eight other offices in the U.S. and Europe.

For more information visit www.alcatel.com

or www.doughtyhanson.com