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Shelters at Rennes : Agreement between GIAT Industries and Hunting Engineering



;Versailles-Satory --- Giat Industries (France) and Hunting Engineering (Great Britain) have concluded a partnership agreement leading to the creation of a 50/50 jointly owned subsidiary encompassing the shelters activity of Giat Industries at Rennes. Go ahead for the project is subject to receipt of the appropriate administrative authorisations before it becomes effective.
;Launched in 1974 the shelters activity has applications in both military and civil fields. In particular, it supplies mobile hospitals, of which several are in service and have been deployed operationally by the French and British armies, by Russia and Brazil. It depends also on the manufacture of survival shelters, radar cabins and safety systems... In addition, the panels made out of composite/honeycomb materials used in the fabrication of shelters can be used in markets requiring lightweight structures such as railway wagons, aerospace in a similar environment.
;This partnership thus initiated by Giat Industries and Hunting Engineering is of particular interest because it will permit the continuation of the Shelter activity in the Rennes area and its development in the French, UK as well as other export markets.
;Commenting on the announcement, Jacques Loppion, Chief Executive Officer of Giat Industries, said : " The creation of this joint venture illustrates the pragmatism of Giat Industries in development of its products, and its opening to international cooperation ".
;Hunting Engineering's Managing Director, Brian Hibbert, added : " We are delighted at the exciting new prospects and opportunities which will arise from this new JV company. Both Giat and Hunting will derive mutual benefit from the consolidation of expertise and experience and look forward to significant success in forthcoming bids and tenders ".
;Giat Industries, European leader in land defence systems, has a turnover of 7.2 billion French Francs. Giat Industries produces battle tanks, artillery systems and various armoured vehicles, and guns for aircraft and helicopters, which are in service in all the continents.
Hunting Engineering is a subsidiary of Hunting Defence Limited, the fifth largest defence contractor in the United Kingdom. Hunting Engineering had a turnover in 1997 of £88 million, and specialises in communications and weapon systems, both as prime and sub-contractor.

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Shelters at Rennes : Agreement between GIAT Industries and Hunting Engineering