Idinvest-backed Altema acquires Bagnères Industries
Aeronautical systems producer Altema France SAS, an Idinvest Partners portfolio company, has wholly acquired Bagnères Industries, an assembly company for the aerospace industry.
The acquisition was financed by a €1m investment from Idinvest Partners in Altema.
The acquisition will strengthen Altema's service offering and is part of an acquisitive growth strategy.
Company
Based in Bagnères de Bigorre, Bagnères Industries provides assembly services to the aeronautical sector. In 2011, the firm reported revenues of more than €1.2m. The company employs around 30 members of staff.
People
Partner Laurent Dumas-Crouzillac worked on the transaction for Idinvest. Joel Roy is the founder of Altema.
Advisers
Acquirer - UGGC, Pascal Squercioni (Legal).
Company - Critère Finance, Jacques-Henry Piot (Corporate finance).
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