JP Madier and P Berranger, founders and owners of Magellium, have sold a majority stake in the company to ARTAL Technologies. Financial details have not been disclosed.
Magellium is a company specialized in the development of software for geographic-based-information systems (GIS), cartography, vision-based solution for robotics applications for defense and security, aerospace and energy sectors. The company's know-how include advanced skills in image processing, 3D geometry and big data processing. Based in Toulouse, France, Magellium employs over 140 people, mainly engineers and doctors.
ARTAL Technologies is a consulting and software development group, specialized in systems architecture, for the aerospace, defense and military sectors. In 2010 and 2011, ARTAL acquired ACT21 and Able, companies specialized in developing and marketing geo-information services for agriculture, environment and land management.
Oaklins' team in France acted as the exclusive advisor to the seller in this transaction.
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