(CercleFinance.com) – BT2i and JVGroup, two manufacturers of metal technical parts, are working on a merger project, an operation initiated at the instigation of Tikehau Capital, the majority shareholder of the two companies.
The new group intends to achieve a turnover of nearly 100 million euros by 2024 with a balanced distribution of its activities in the aeronautical, space and military fields.
Founded in 2013, BT2i supplies elementary metal parts of small and large dimensions and sub-assemblies for manufacturers and aeronautical equipment manufacturers.
Founded in 2010, JV Group also specializes in technical parts and metal and composite sub-assemblies for the space, defence, aeronautics and cabin equipment sectors.
The objective of the operation is to create a major French player in these sectors with the capacity to produce both small and medium complex series and larger quantities for large-scale markets.
This transaction comes on the heels of Tikehau Capital’s entry into the capital as majority shareholder in BT2i and JVGroup over the past 12 months.
According to the alternative asset manager, the new entity will benefit from ‘better operational and financial stability’.
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