French group to acquire SA CAD company

French engineering firm Groupe FIVA announced in Paris today that it would acquire Cadgile, the largest independent CAD drafting specialist in South Australia.

Groupe FIVA, based in Cherbourg and a partner with Naval Group France, which is building the next generation of Australian submarines, said it would work with Cadgile's staff to develop engineering services for the defence, energy and environment sectors in Australia.

The announcement comes after Groupe FIVA, which already has established an office in South Australia, signed a collaboration agreement with ASC to work on current and future naval programs in Australia and France.

ASC, based in Adelaide, South Australia, also agreed to collaborate with Endel Engie, a long-term partner of Naval Group, to create joint business opportunities on Australia's $50 billion Future Submarine program.