Question 1

What businesses are part of Orolia Defense & Security?

Accepted Answer

Headquartered in Rochester, NY, ODS serves the defense, federal, and commercial markets with innovative Resilient PNT solutions for the ground tactical, airborne, maritime, and security domains. ODS is composed of two businesses: Orolia Government Systems, Inc. (CAGE 826V3) focusing on Resilient PNT Technologies and Talen-X, Inc. (CAGE 7NK54) focused on PNT Simulation and PNT Interference, Detection and Mitigation technologies.

Question 2

What is a Proxy Agreement and FOCI?

Accepted Answer

ODS has been operating as a proxy-regulated company since 2019, Free of Foreign Ownership, Control, or Influence (FOCI). In order to mitigate potential FOCI, Orolia, in concert with the Defense Counterintelligence and Security Agency (DCSA) agreed to a comprehensive series of stipulations and requirements known as a Proxy Agreement (the strongest mechanism for FOCI mitigation). As such, ODS is approved to work on the full spectrum of US Government classified and unclassified projects, and is positioned to support strategic partnerships in the development of key PNT technologies for the defense market. 
Companies under Proxy Agreements, such as ODS, are regarded as U.S. owned companies for purposes of facility clearances and access to classified information. In accordance with 32 CFR Part 117.11(d)(2)(iv), “National Industrial Security Program Operating Manual (NISPOM)”, there are no restrictions on such company's eligibility to have access to classified information or to compete for classified contracts. 
A Proxy Agreement places the voting rights of the stock or ownership interest into the hands of cleared U.S. citizens who are approved by the Federal Government. Under this arrangement, the foreign owner relinquishes control of the cleared facility and the foreign ownership, control and influence is negated. 
Additional information can be requested from the Defense Counterintelligence and Security Agency (www.dcsa.mil).

Question 3

Why was Orolia sold?

Accepted Answer

The Orolia group’s current majority shareholder Eurazeo is a private investment firm that acquires companies with the intent to invest in them, grow them, and find suitable ways of earning a return on their investment. Since its investment in Orolia in 2016, Eurazeo has supported the company by bringing the additional human and financial resources required for its growth around founder Jean-Yves Courtois. The sale provides Eurazeo a well-earned return on the time and capital invested in their 5th year of ownership, a common horizon private equity firms target for exit. ​

Question 4

How will this change in ownership impact me?

Accepted Answer

Since ODS and our wholly-owned subsidiaries Talen-X and OGSI operate as proxy-regulated companies there will be no change in control. ODS leadership will remain as-is and ODS control will remain in the hands of the independent cleared U.S. citizens who were approved by the Federal Government. There will be no changes to your current business development, technical or support teams. It will be business-as-usual for your relationship with us.

SITE ❯ PROXY INFORMATION

Proxy Information

ODS operates as a proxy-regulated company, Free of Foreign Ownership, Control, or Influence (FOCI).

Company and Proxy Overview

Announcement of Safran Acquisition

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