Basler Eyes French Market Growth, Forms Joint Venture with Distribution Partner
Basler will launch a joint venture with its long-time French distribution partner i2S, whereby Basler will purchase a 25.1% stake in the i2S distribution business. The joint venture would operate under the name Basler France, with the proposed transaction to take effect on July 1, 2022, subject to the information and consultation of the i2S Social and Economic Committee.
It is intended that Basler will acquire the remaining 74.9% stake on July 1, 2024, following its initial purchase of 25.1%.
Xavier Datin, CEO of i2S, will accompany the handover phase as president of Basler France.
Basler’s participation offer to i2S is for the distribution business with image processing components, Basler said in a May 3 press release.
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