SECA Automatismes, a specialist provider of embedded electronics and tests benches well-known by the major aerospace and defense contractors for over 40 years joins Alkan Group, the European leader in carriage, release and ejection systems.
At the end of a 5 months process conducted by Aurignac Finance, advisors of the shareholders Michel Nespoulous and Yves-Jacquin Depeyre, the company has been sold to Alkan Group. SECA Automatismes was founded in 1978 and located in Saint Soupplets, near Paris, France. The company designs, assembles and maintains high added value electronic, electro-mechanical and IT equipment for aerospace and defense sectors, particularly in France with the Dassault’s Rafale program.
Managed by Franck Hayoun for nearly 20 years, SECA Automastismes has a turnover of more than EUR 7 m and employs about 30 people.
For Alkan Group, managed by Armand Carlier with the support of Groupe Chevrillon and IDI, this strategic acquisition is intended to complement the Group’s know-how with new expertise in electronics, testing devices, wiring and embedded equipment. This build-up will allow the constitution of a European center of excellence in the field of aircraft equipment which will generate about EUR 50m turnover, of which 50% from export.
“Aurignac Finance had contacted me on a previous transaction, their strong knowledge in the aerospace sector convinced us to give them a mandate of sale for SECA Automatismes. Their control of the process led to achieve this transaction in the best possible conditions and put the company on a long-term footing within a dynamic group.” (Michel Nespoulous, Seller)
“We realize the 4th transaction in the aerospace and defense sectors over the past 18 months. It strengthens the Aurignac Finance’s expertise in these fields. The good knowledge of the aerospace and defense value chains and its players in France and around the world that we’ve accumulated for years has clearly contributed to the success of the process. Several identified potential bidders have expressed strong interest for SECA Automatismes, among which Alkan Group. The latter was quickly recognized as a relevant candidate, both on the industrial aspect with a high level of complementarity and on numerous commercial synergies between the two companies.” (Raphael Brenier, Partner, Aurignac Finance)