Sunday, November 27, 2016

Follow today… FIGEAC AERO, Le Figaro

(AOF) – Figeac Aero acquired the assets of the group in the Auvergne region Aerospace specialist in aerostructures. On 24 November 2016, the Commercial Court of Lyon was in favour of the plan presented by Figeac Aero for the recovery of assets of this group. The oem aerospace indicates that this operation is perfectly in line with its strategy of external growth through targeted acquisitions and generating organic growth.

in addition, it validates his ambition to become the european leader for outsourcing aerospace and strengthens the sales target to march 2020 between 650 and 750 million euros.

Employing 705 employees, of which 310 in Morocco, the groupe Auvergne Aerospace has achieved a turnover of 46 million euros in 2015, mainly in the field of boiler making and sheet metal for the aeronautics industry.

To straighten the group, Figeac Aero will be based on 4 axes : the renewal of the top management and recovery of 97% of employees ; reorganization of production with synergies between some poles of activity ; streamlining of purchases and cost of manufacture and deployment of an investment program of € 5 million over 3 years.

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