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Thomson SA

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Thomson SA NYSE: [TMS] Euronext: [TMS], formerly known as Thomson Multimedia is a multinational electronics manufacturer and media services provider headquartered in Boulogne-Billancourt, France. The company has almost 60,000 employees (as of 2004), in 30 countries worldwide. In 2005, Thomson's consolidated revenues were € 8.5 billion.

Organization

Thomson operates under four strategic brands servicing a variety of global markets:

Thomson also uses the GE (under license) and other brands for consumer electronics in the United States. It uses both the Thomson and RCA brands for consumer electronics in the Asia-Pacific region.

Thomson also controls the patents and licensing of the MP3 audio codec.

They also produce a TiVo-based personal video recorder.

Portfolio

History

Thomson is named after the electrical engineer Elihu Thomson who was born in Manchester, England, on March 26, 1853. Thomson moved to Philadelphia at the age of 5, with his family.

Thomson formed the Thomson-Houston Electric Company in 1879 with Edwin Houston. The company merged with the Edison General Electric Company to become the General Electric Company in 1892. In 1893, the Compagnie Française Thomson-Houston (CFTH) was formed in Paris, a sister company to GE in the United States. It is from this company that the modern Thomson Group would evolve.

In 1966 CFTH merged with Hotchkiss-Brandt to form Thomson-Houston-Hotchkiss-Brandt (soon renamed Thomson-Brandt). In 1968 the electronics business of Thomson-Brandt merged with Compagnie Générale de Télégraphie Sans Fil (CSF) to form Thomson-CSF. Thomson Brandt maintained a significant shareholding in this company (approximately 40%).

In 1982 both Thomson-Brandt and Thomson-CSF were nationalized by François Mitterrand. Thomson-Brandt was renamed Thomson SA (Société Anonyme) and merged with Thomson-CSF.

In 1987, the state-run Thomson bought RCA and GE Consumer Electronics from GE.

In 1988 Thomson Consumer Electronics was formed, renamed Thomson Multimedia in 1995. The French government split the consumer electronics and defence businesses prior to privitisation in 1999, those companies being Thomson Multimedia and Thomson-CSF. Thomson-CSF went through a series of transactions, including with Marconi plc, before becoming Thales in 2000.

Like its American counterpart, the French Thomson has manufactured a variety of electrical, and later electronic, products for industrial, consumer, and military markets.

In 2000, Thomson Multimedia purchased Technicolor from Carlton Television (owned by Carlton Communications) in the UK.

In 2001, Thomson Multimedia purchased the Grass Valley Group from a private owner.

In 2002, Thomson Multimedia renamed itself Thomson.

In 2004, Thomson purchased the Moving Picture Company from ITV. Later in the same year, Thomson began a move into the broadcast management, facilities and services market, with the purchase of Corinthian Television. In the same year Thomson increased its stake in bangalore based Celstream Technologies specializing in product engineering.

Later in 2004, Thomson set up a joint venture (TTE) with China's TCL, giving to TCL all manufacturing of RCA and Thomson television and DVD products and making TCL the global leader in TV manufacturing. (Thomson still controls the brands themselves and licenses them to TTE.) At the time, TCL was hailed as the first Chinese company to compete on the international stage with large international corporations. Thomson initially retained all marketing of TTE's products, but transferred that to TTE in 2005.

In June 2005, Videocon Group India announced that it would acquire the colour picture tube manufacturing business from Thomson SA for Euro 240m. [link]

In December 2005, Thomson re-purchased the Broadcast & Multimedia part from Thales Group. It also announced its intention to eventually sell off its Audio/Video and Accessories businesses, which includes all consumer electronics under the RCA and Thomson brands except TVs (now part of TTE) and communications products such as cordless phones (which it will keep).

External links

Company website

Company data


CAC 40 companies of France
Accor | AGF  | Air Liquide | Alcatel | Arcelor | AXA | BNP Paribas | Bouygues | Capgemini | Carrefour | Crédit Agricole | Dexia | EADS | EDF | Essilor | France Télécom | Gaz de France | Groupe Danone | L'Oréal | Lafarge | Lagardère | LVMH | Michelin | Pernod Ricard | PSA Peugeot Citroën | PPR | Publicis | Renault | Saint-Gobain | Sanofi-Aventis | Schneider Electric | Société Générale | STMicroelectronics | SUEZ | Thales Group | Thomson | Total | VINCI | Veolia Environnement | Vivendi

 


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