Paris, November 20, 2018
INVESTMENT COMPANIES IDI AND CHEVRILLON ESTABLISH AN EUROPEAN CENTER OF EXCELLENCE IN THE FIELD OF MILITARY AND CIVILIAN AERONAUTIC EQUIPMENT
Groupe Chevrillon and IDI, a listed private equity group, announce the establishmen of an European center of excellence for the military and civilian aeronautic equipment sector. ALKAN Group, a market leader in the field of carriage and ejection systems headed by Armand Carlier, is at the heart of this new undertaking thanks to the acquisition of SECA Automatismes, a French company specializing in civilian and military electronics and electromechanics.
ALKAN, French market leader in the field of carriage and ejection systems, will leverage this operation to strengthen its capabilities in four fields: electronics, test systems, wiring and on-board equipment, particularly for marine patrol aircraft. This technological and strategic acquisition makes ALKAN the sole European equipment manufacturer to cover the full range of demands in this segment.
Established 40 years ago by its 2 founders Jean-Pierre Concaret and Robert Barthoux, and taken over 16 years ago by Michel Nespoulous and Yves Jacquin Depeyre, SECA Automatismes - www.seca-auto.com - based in Saint Soupplets in the northeastern Paris Region, has expertise in the fields of planning, design, production and maintenance of IT, electronic and electromechanical equipment intended for both civilian and military uses.Headed by Franck Hayoun, who has been with SECA Automatismes since its foundation, the company employs a staff of 30 with revenue exceeding €7 million.
The consolidated Group will maintain the ALKAN and SECA Automatismes production units and generate revenue of nearly €50 million, with international activities accounting for 55%. This build-up will allow the Group to enhance both the scope and the added value of its offering. The teams’ complementarity, as well as streamlining initiatives, will facilitate integration.
Armand Carlier, CEO of ALKAN, applauds this complementarity:
“We welcome this first external growth initiative in the field of electronics, and we are happy to incorporate the expertise of SECA Automatismes, which will help us enrich our existing offering with new related services. By combining mechanical and electronic skills, ALKAN will now offer comprehensive systems for our ejectors, a much- anticipated development for international programs, which already account for more than half of the Group revenue.”