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SAGEM-LUCAS JOINT VENTURE IS ANNOUNCED

 BIRMINGHAM, England, March 26 /PRNewswire/ -- Lucas Industries plc and Sagem Group of France today announced the formation of a joint company called Sagem-Lucas which combines the activities of the two companies in gasoline engine management systems for automotive use.
 It is the intention that Sagem-Lucas will become a more significant supplier in this market, based initially on the existing activities of the two companies in the UK, France, Germany and the U.S.A. Sagem will have management control of the new company in which it has the majority stake, while Lucas will maintain its active interest in this field through the retention of a sizable minority share.
 The facilities equipment and staff, which previously were part of Lucas Engine Management Systems business at Great King Street in Birmingham and in Greenville, S.C., U.S.A., are included among the assets of the new company. Facilities contributed by Sagem are at Pontoise and at Le Ponant in Paris, where the headquarters of the new company will be located.
 Sagem is a major French group supplying the defense, telecommunications, industrial electronics, and automotive industries.
 -0- 3/26/93
 /CONTACT: Allan Hall of Hall Industrial Publicity, 313-649-0070, for Lucas Aftermarket Operations/


CO: Lucas Industries plc; Sagem Group; Sagem-Lucas ST: IN: AUT SU: JVN

JG -- DE013 -- 0114 03/26/93 14:27 EST
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Publication:PR Newswire
Date:Mar 26, 1993
Words:221
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