Groupe Atlantic acquires a part of Special Systems and Technologies (SST),

04 February 2019

Russian State Corporation Special Systems and Technologies (SST), dealing with clients like Moscow Mayor's Office and the Central Bank, is going to sell a business in electric underfloor heating and water leak detection system production and distribution to Groupe Atlantic (GA), France. It will be fully acquired by GA within two years. According to experts, the transaction amount could reach RUB 2.5 billion. SST is selling this asset to focus on the oil and gas industry.