Aerospace: Tecalemit Aerospace regains momentum with Tikehau

Posted on September 22, 2022 at 8:52 amUpdated September 22, 2022 at 8:53 am

Like most suppliers in the aviation sector, Tecalemit Aerospace found itself grounded due to the health crisis. It is taking off again with the backing of Tikehau Ace Capital, which holds a large share of the capital thanks to the withdrawal of Garibaldi’s participation. The investment fund headed by Marwan Lahoud, the former number 2 of Airbus, gives it financial resources – between 25 and 50 million euros – but above all its strategic approach to the aeronautics sector. Tikehau Ace Capital has in recent months entered the capital of sector flagships such as Aubert & Duval, LMB Aerospace and Drôme Crouzet.

The Lyon group has managed to keep its performance in the green for the past two years, despite Covid, but its activity has collapsed. It expects to make around fifty million euros in revenue this year, compared to 67 million in 2019. Tecalemit Aerospace also hopes to return to a positive net result this year after two years of losses. “The outlook is positive, our order book has grown very quickly,” assures us Frank Colcombet, CEO of this manufacturer of flexible, semi-rigid and rigid pipes, designed almost exclusively for the aerospace market.

Basic business

The new reference shareholder intends to reaffirm Tecalemit’s positioning in its core business: air pipelines. It also sold a small composite parts manufacturing business with a turnover of 1.5 million euros to the Airbus group this summer. From now on, in order to capture market share in France and abroad, the aim is to capitalize on the Lyon Group’s capabilities to meet needs that are close to measurement and to innovate to meet the challenges of weight, size, but also new technologies facing aircraft manufacturers.

“We are working hard on decarbonisation, because the new technologies used will have a direct impact on our products,” explains Frank Colcombet. Tecalemit Aerospace relies on teams from its design offices in Toulouse and Montreal, who work closely with key aerospace players to confirm its return. Now reorganized around four production sites, following the merger of the Blois (Loire-et-Cher) and Lousseau (Sarte) sites in 2020, the Lyon group employs almost 500 people.

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