Thomson-CSF was a French company that specialized in the development and manufacture of electronics with a heavy focus upon the aerospace and defence sectors of the market. Thomson-CSF was formed in 1968 following the merger of Thomson-Houston-Hotchkiss-Brandt with the Compagnie Générale de Télégraphie Sans Fil (General Wireless Telegraphy Company, commonly abbreviated as CSF), these two companies being the source of the name Thomson-CSF. It operated as an electronics specialist on products such as broadcasting equipment, electroacoustics, shortwave radio sets, radar systems and television. During the 1970s, the company diversified manufacturing backend telephony equipment, semiconductors, and medical imaging apparatus. It also entered into large deals outside of the domestic market, acquiring considerable business in the Middle East. During the late 1980s, Thomson-CSF, anticipating defence spending cutbacks, conducted a radical business restructuring, merging its semiconductor interests with those of the Italian defence group Finmeccanica and exchanging its medical imaging technology for General Electric's consumer electronics businesses. Towards the latter decades of its operations, Thomson-CSF built itself up into a multinational company. During 1989, Thomson-CSF acquired Philips' defence electronics business, Hollandse Signaalapparaten B.V. In 1999, the company was privatised, but not before disposing of its consumer electronics businesses. Shortly after, Thomson-CSF took over the British defence electronics company Racal Electronics. In December 2000, Thomson-CSF was rebranded Thales Group. History Thomson-CSF traces its origins to the formation of the American business Thomson-Houston Electric Company by Elihu Thomson and Edwin Houston in 1879. On 15 April 1892, the Thomson-Houston Electric Company merged with its rival, the Edison General Electric Company, to form General Electric (GE). That same year, the company formed an overseas subsidiary, named Thomson Houston International, based in France. During 1893, Compagnie Française Thomson-Houston (CFTH) was established as a partner to GE. CFTH's operations centered around the application of GE's patents in the growing electricity generation and transmission industry. The modern Thomson companies evolved from this company. During 1966, CFTH merged with armaments and vehicle manufacturer Hotchkiss-Brandt to form Thomson-Houston-Hotchkiss-Brandt, which was subsequently renamed Thomson-Brandt. Two years later, the electronics business of Thomson-Brandt merged with Compagnie Générale de Télégraphie Sans Fil (General Wireless Telegraphy Company, commonly abbreviated as CSF) to form Thomson-CSF. Prior to the merger, CSF had operated as a pioneer in the fields of broadcasting, electroacoustics, shortwave radio, radar systems and television. Thomson Brandt maintained a significant shareholding in the merged company (approximately 40%). During the 1970s, Thomson-CSF received its first