Nexteam Group, a Marmande, southwestern France-based specialist in precision mechanics and the machining of complex and hard metal parts for the aviation, aerospace and defense industries, received a €114m investment.
Tikehau Capital (Paris:TKO) and and the NOVI fund made the minority investment which will support the company’s future development. The deal is still subject to the approval from the French competition authority.
Led by Ludovic Asquini, President, Nexteam Group is a French company specialising in precision mechanics and the machining of complex and hard metal parts for the aviation, aerospace and defence industries. With 900 employees, Nexteam Group generates annual revenues of about €150m.
The company has eight sites in Europe, in southwestern France (Bordeaux, Launaguet, Marignane, Marmande, Oloron, and Rodez), Lublin, Poland, and Bucharest, Romania.
Main clients include Airbus, Safran, Stelia, UTAS, and others.