Global Aeronautical Supply – Abipa Canada and ARM Group join forces to form a major international player in precision machining
BOISBRIAND, QC and LA CHAUSSÉE D’IVRY, France, November 5, 2021 / CNW Telbec / – Canadian company Abipa Canada Inc. and French group ARM today announced their strategic alliance, in the presence of Eric Girard, the Minister of Finance of Quebec and Member of Parliament for the riding of Groulx. Under the “ABIPA International” banner, the new aeronautical group is becoming a key player on an international scale in the machining and assembly sector of sub-assemblies. This initiative will offer the two companies new development perspectives through the creation of an international group of critical size, enabling them to ensure the development of their activities and maintain their expertise on their various sites.
This operation is the result of a common vision shared by the two companies in their desire to jointly pursue their growth and diversification, responding to a significant demand from the market of major equipment manufacturers and equipment manufacturers to consolidate the supply chain. Financially sound and ranking among the most successful companies in the industry on both sides of the Atlantic, Abipa Canada and the ARM Group have complementary customer bases and products and participate in major aircraft programs.
The new group thus formed offers an ideal balance between two strong geographic areas in the global aeronautics sector, North America and Europe, as well as its strategic location in North Africa. It now has a significant critical size, with a turnover exceeding 100 million Canadian dollars, which will allow it to pursue its growth and development with its 400 employees and its industrial presence spread over six sites and three continents, in Canada, France and Morocco.
As part of this transaction, closed on November 1, 2021, all Arm Group shareholders joined Abipa shareholders in the capital of Abipa Canada, the parent company of the new group.
On this occasion, and to support the financial structure of the new group, the Fonds de solidarité FTQ, as well as Export et Développement Canada (EDC), are investing a total of CAD $ 15 million in equity within the framework of a balanced capital structure with management. Following this transaction, the main shareholders of the group are now the Fonds de Solidarité FTQ, the Couillaud family, Jean Blondin, Ace Capital Partners, a subsidiary of Tikehau Capital, IRDI and EDC.
Jean Blondin will continue to serve as President and Chief Executive Officer and Ludovic Couillaud will join the Abipa Canada Executive Committee as Executive Vice President and General Manager Europe and Morocco.
“We are proud to have been able to complete this important transaction thanks to the support of our long-standing partner, the Fonds de solidarité FTQ, and Export Development Canada. This strategic operation, which allows us to move up the value chain of our customers as a strategic supplier and expand our industrial offering, gives us great confidence in the future of Abipa International. “
–Jean Blondin, President and CEO of Abipa Canada.
“ABIPA Canada is a leader in the aerospace industry that is creating many good jobs here. With this strategic transaction, they will become key players in its sector on an international scale. By supporting the company, we reaffirm our government’s commitment to support this important sector by Quebec. “
-The Honorable Pablo Rodriguez, Minister of Canadian Heritage and Lieutenant of Quebec
“We are delighted to be able to bring this new, broader and more international offering to our customers. Backed and supported by all of our financial partners, with the recognized human and industrial skills of ARM Group and Abipa, the new Abipa International group is equipped for each opportunity for success in its future developments. “
–Ludovic Couillaud, Chairman of the ARM Group
“The support of the Fonds de solidarité FTQ for this transaction is another step in our support for the international growth of Abipa Canada, initiated with our first investment in the company in 2012. The alliance with the ARM Group will create a leader global aerospace industry with operations in North America, Europe, and Africa. We are particularly proud to be able to count on the support of EDC, a regular partner of the Fund for over a year. “
-Janie C. Béïque, President and CEO of the Fonds de solidarité FTQ
“EDC is proud to support the international growth of specialized mid-market manufacturer Abipa. Its strategic alliance with the ARM Group extends its global presence. Thanks to the investments of EDC and the Fonds de solidarité FTQ, Abipa has obtained the necessary capital to conquer new markets and establish itself as a leader in the aerospace sector. “
–Carl Burlock, Executive Vice President and Chief Business Officer of EDC.
“As shareholders of the ARM Group since 2013, we are delighted with this alliance between the Abipa and ARM groups, which have strong commercial and industrial synergies. This transaction demonstrates Ace Capital Partners’ ability to support strategic industrial companies. in all phases of their development and particularly in their international development. “
–Delphine Dinard, executive director of Ace Capital Partners
“We are very happy to have been able to support Ludovic Couillaud and its teams for nine years, then to participate in this great alliance of the ARM Group with Abipa Canada. This will allow the two groups to further strengthen their respective positioning in Europe and North America by responding emblematically to the main challenges of the aeronautics sector: diversification in terms of expertise, outlets and geographies, added value for customers, and critical size. “
-Étienne Robequain, Investment Director of IRDI Capital Investissement
About Abipa Canada
Situated at Boisbriand, Quebec, Canada, Abipa specializes in high-precision machining, mechanical assembly and kitting of specialized metal components (aluminum, titanium, inconel, steel) for aircraft engines, landing gear and parts. structure. Its products are intended for its international clientele of major contractors and integrators. The company’s state-of-the-art CNC equipment consists of robotic multi-machine cells, multi-axis machining centers, lathes, mill-lathes, laser cutting machines and a NADCAP certified welding cell. .
About the ARM Group
Based on four sites in France and a strategic site at Morocco, ARM Group is today a leading player in the precision machining subcontracting market for the aeronautical industry. The company supplies major contractors in the aeronautics sector with parts, components and sub-assemblies of nacelles, aerostructures, pilot and passenger seats and various aeronautical equipment. Thanks to a dynamic investment policy, the company has acquired a modern industrial infrastructure and know-how diversified by the variety of materials used, the various machining technologies mastered, the management of assemblies. complex sub-assemblies, the technicality of its products and the multiplicity of special process qualifications obtained.
SOURCE ABIPA Canada
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