- Bruno Durand is appointed as CEO of Aubert & Duval by the holding company’s board of directors
- Aubert & Duval is based in Paris, France
- Tikehau Capital is a global alternative asset management group based in Paris, France
Tikehau Capital, Airbus, and Safran has finalised the acquisition of Aubert & Duval, a supplier of critical parts and materials, from Eramet.
No financial details of the transaction were disclosed.
Aubert & Duval is based in Paris, France. The company employs 3,700 people.
Aubert & Duval generates annual revenues of €550 million.
Bruno Durand is appointed as CEO of Aubert & Duval by the holding company’s board of directors and will be managing its operations, according to a release.
“The acquisition of Aubert & Duval reflects the quickening pace of transformation and consolidation in the aerospace sector,” said Marwan Lahoud, chairman private equity, Tikehau Capital. “Tikehau Capital is proud to be aiding the company’s recovery and the development of its industrial expertise alongside Airbus and Safran.”
This transaction is the latest in the initiatives to support and strengthen France’s aerospace sector, via the Ace Aéro Partenaires investment fund managed by Tikehau Capital with the backing of the French government, the release said.
Tikehau Capital is a global alternative asset management group based in Paris, France. The firm managed €39.7 billion of assets as of 31 March 2023.
Airbus is a European multinational aerospace corporation based in Blagnac, France.
Safran is an international technology group, operating in the aviation, defense, and space markets. The company, based in Paris, France, has 83 000 employees and reported sales of €19 billion euros in 2022.
Eramet is a global mining and metallurgy group based in Paris, France.