Airbus, Safran and Tikehau Ace Capital Sign MoU with Eramet for Joint Acquisition of Aubert & Duval

Airbus

Toulouse: Airbus, Safran and Tikehau Ace Capital have announced that they have signed a Memorandum of Understanding (MoU) with the mining and metallurgical group Eramet for the acquisition of its subsidiary Aubert & Duval.

The three partners intend to acquire 100% of Aubert & Duval through a new joint holding company that would be specifically set up for this transaction and in which they would have equal ownership rights.

Also read: Airbus Reports Strong Full-Year (FY) 2021 results

Aubert & Duval is a strategic supplier of critical parts and materials for a number of demanding industry sectors, notably the aerospace, defence and nuclear industries, with annual revenues of approximately €500 million and a workforce of around 3,600 employees based mostly in France.

The company has end-to-end capabilities in special materials and superalloys, as well as nascent expertise in titanium, which are critical to aerospace, transportation, energy and defence applications.

This acquisition would allow Airbus and Safran to secure the strategic supply chain, for themselves as well as other customers, and new material development for current and future civil and military aircraft and engine programmes.

It is also consistent with the initiatives taken in the last few years to support the French aerospace industry’s supply chain, and in particular the creation, with the help of the French State, of the Ace Aéro Partenaires fund managed by Tikehau Ace Capital.

The proposed transaction is subject to consultation with relevant employee representative bodies and all necessary regulatory approvals. The closing is expected in the fourth quarter of 2022.

In the context of this operation, a “specific share” was set up by the French State within Eramet with the scope of certain strategic assets held by Aubert & Duval. This specific share will be replaced by a similar one within Aubert & Duval, upon completion of the transaction.

Current Issue

 

Social Media Updates

Recent

Steadfast to Defend the Skies: IAF’s Strategic Vision
18-11-2024

Air Chief Marshal Amar Preet Singh, PVSM, AVSM Chief of...

Indian Navy Unveils ‘Samarthak’ Multi-Purpose Vessel
15-10-2024

   L&T Shipyard marked a significant milestone for the Indian...

Defence Minister Inaugurates 75 Border Infrastructure Projects
14-10-2024

  On October 12, 2024, Defence Minister Rajnath Singh virtually...

Malabar 2024: Strengthening Naval Partnerships
14-10-2024

The ongoing Multilateral Maritime Exercise Malabar 2024 has brought together...

Indian Navy Launches Sixth Missile Cum Ammunition Barge
14-10-2024

The Indian Navy celebrated the launch of the ‘Missile Cum...