AML SYSTEMS have the pleasure to enjoy a common business relationship based on trust and transparency.
In that respect, we would like to inform you of some key changes concerning AML SYSTEMS.
As you know, AML SYSTEMS is the result of a spin-off of Valeo in July 2010. A management team supported by financial investors took over the lighting actuators business from Valeo.
Since that date, AML SYSTEMS, thanks to its customers, has grown a lot by offering constantly increasing R&D capacities with a high level of expertise, innovative products and an attractive QCDM performance.
Our main financial shareholder, SYNTEGRA Capital, after having supported us during 5 years and a half, has decided to sell its participation. Potential new investors have then been informed, and JOHNSON ELECTRIC has shown a strong interest for AML SYSTEMS. As a consequence, JOHNSON ELECTRIC has submitted a binding and financed offer on February 5, 2016, illustrating Johnson’s intention to purchase 100% of the shares of the company.
This change of the shareholder structure is combined with a change in the governance of the company.
Mr Jacques Le Morvan has been appointed President of the AML Group and replaces Mr Eric Julien.
No change in the relation between our companies is to be expected. The management of AML wishes to take this opportunity to reaffirm its willingness to further develop our long term relationship.
Of course, we will keep you informed, through letters or meeting with your usual contact persons, of the progress of the process of transfer of ownership, which is expected to be completed during the 2nd quarter of 2016.
In the meantime, we remain at your disposal to answer all questions you might have about this process.