DOMUSA Group signs the acquisition of TECHNIC AVIATION (France, 04). Three months after that of EQUIP’AERO group (France, 32), DOMUSA continues to roll out its industrial project to create a specialized Aeronautics and Defense group with dual OEM and MRO positioning.
With dual expertise in the design/manufacturing (OEM) and maintenance (MRO) of electronic and mechanical equipment for the civil and military markets, DOMUSA group provides global support in the field of on-board equipment to the largest aerospace and defence contractors in Europe, the Middle East and Asia. Based in Toulouse, Paris, and Switzerland, it manufactures its own products and maintains its equipment and third-party equipment around control electronics, power management, power filters and sensors, as well as mechanical navigation instruments.
Three months after the acquisition of EQUIP’AERO group, based in Gers, France, which specialises in the manufacture and the maintenance of engine, pressurisation, air-conditioning, flight control and auxiliary power unit components, DOMUSA realizes a new stage of its industrial project with the acquisition of TECHNIC AVIATION, specialized in MRO for Wheels & Brakes and Propellers. With 40 years of experience across all aeronautical markets, two maintenance/surface treatment sites and 70,000 items of overhauled components, TECHNIC AVIATION is recognised in France and in Europe for its unique expertise and is an approved repair station for the major manufacturers.
At the end of a competitive process carried out for the transfer of his company, Olivier Marche, President and shareholder of TECHNIC AVIATION for 12 years, chose the project led by the DOMUSA Group.
The deal is financed by a new contribution from financial investors GALIENA CAPITAL and IRDI IMPULSION and acquisition debt provided by three banks. OAKLINS is once again supporting the DOMUSA Group in this transaction.
Supported by a stronger management and shareholder team, DOMUSA represents now a group of more than 300 employees, with a turnover of €40m, doubled in one year.
Michaël Arnac, President of DOMUSA Group, declares:
“The integration of TECHNIC AVIATION, an MRO specialist and leader in Wheel, Brake and Propeller, into the DOMUSA Group contributes to further strengthening our positioning. In addition to the extensive capabilities already offered by EQUIP’AERO and SATORI entities, almost all aircraft components families are now covered by all our maintenance sites. We are delighted to be joining forces with TECHNIC AVIATION and go on together.”
Olivier Marche, President of TECHNIC AVIATION, comments:
“The integration into the DOMUSA group will allow TECHNIC AVIATION to strengthen its activities with its historic customers and accelerate its development with new opportunities.
The DOMUSA group’s DNA is like TECHNIC AVIATION’s and this merger will benefit all the entities of the DOMUSA group by sharing their skills, know-how and sales networks”.
Raphaël Petit, Managing Partner of OAKLINS FRANCE, comments:
“This new transaction is in line with the strategy announced by the DOMUSA Group when GALIENA acquired a stake in its capital last June. financial partners, investors and bankers, are today renewing their confidence in the management team by financing this new consolidation operation in the MRO segment.”
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About DOMUSA GROUP
For more information: www.domusa-group.com
About GALIENA CAPITAL
For more information: www.galiena-capital.com
About IRDI CAPITAL INVESTISSEMENT
With €550 million in assets under management divided into 12 funds, including 2 evergreen funds, IRDI Capital Investissement is a partner of nearly 200 companies in a wide range of sectors. IRDI Capital Investissement has been the leading asset management company in the south-west of France for 40 years. Based in Toulouse, Montpellier and Bordeaux, the company provides equity support to regional companies at all stages of their development (seed, venture capital, development capital / transmission and rebound). For more information: www.irdi.fr
About d’OAKLINS
Founded 19 years ago, Oaklins France today has 40 M&A, LBOs and fundraising professionals. With more than 500 transactions to its credit since its creation, Oaklins France has become a leading independent investment bank in the mid-market segment.
Today, the French team, divided between the Paris, Lyon and Toulouse offices, benefits from the support of 850 Oaklins professionals around the world, more than 60 offices in 45 countries on 5 continents. Grouped into 15 dedicated sectoral divisions, the Oaklins teams have together completed some 1,900 transactions over the last 5 years, more than half of which were cross-border.
For more information: www.oaklins.com