Activa's Nexeya acquires Cabletest

The acquisition will support Nexeya's expansion across the US.

Previous funding
Activa acquired a 57.9% stake in Nexeya alongside BPI France in July 2013, when the company was listed on the NYSE Euronext. On acquiring the holding, the duo launched an offer to buy the remaining shares at €12 each, valuing the company at €47.8m.

Company
Cabletest specialises in cable harness, backplane and complex interconnect testing, as well as development and technical support for industrial and military clients. The company provides automatic testing of electrical connection systems found on planes, trains and satellites. Customers include Boeing, Bombardier and Rolls Royce.

Cabletest was established in 1981 and is headquartered in Markham, Ontario.

Nexeya tests electronic systems for the defence, aeronautical, space, transport and energy markets. The company is headquartered in Paris.

People
Philippe Gautier is CEO of Nexeya. Rob Maccarone is director of business development at Cabletest.

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• Topics
• Expansion
• France
• Activa Capital