D’Ornano + Co. advises AI company Cornis in its sale to Groupe Sites.

#Transformative M&A
#Technology + Digital

D’Ornano + Co. advises Cornis, a leading technology in wind turbine inspections and artificial intelligence solutions, in its sale to French engineering groupe SITES.

D’Ornano + Co. performed financial Vendor due diligence for Cornis, and assisted the founders in the negociations and the drafting of the legal documentation in the merger.

Thanks to this acquisition, SITES, a structural health monitoring pioneer since 1984, is reenforcing its position in the low-carbon energy sector. SITES is an independent leader of structural inspections and monitoring of hydro and nuclear facilities as well as transportation infrastructure and complex structures. This strategic acquisition allows SITES to be present in the wind energy sector and the renewable energy sector. This alliance of 2 top French companies will allow to accelerate the export strategy of both companies, as well as the technological development of new solutions for structure monitoring and inspections.

Link to full article