(Boursier.com) — Wendel today announced that Scalian has completed the acquisition of MANNARINO Systems & Software. This Canadian company is a recognized specialist in the engineering of advanced R&D technologies in the aviation sector, primarily in North America, with expertise in safety-critical software and embedded systems.
MANNARINO serves many leading organizations, particularly in the Advanced Air Mobility market, such as operators of commercial drones and electric vertical take-off and landing aircraft for the transport of goods or passengers, as well as players in aviation reference.
With an expected turnover for the 2024 financial year of approximately 32 million Canadian dollars and a team of approximately 130 people, the accretive acquisition of MANNARINO will allow Scalian to strengthen its expertise in eVTOL technologies (‘electric Vertical Take-Off and Landing’) and its presence in North America while achieving synergies in Europe. MANNARINO achieved double-digit revenue growth while maintaining customer satisfaction, quality and profitability.
This acquisition will be financed by a drawdown of committed Scalian credit facilities and a shareholder contribution in equity, with a capital injection of 43.7 million euros by Wendel into Scalian.
Yvan Chabanne, CEO of Scalian, said: “The acquisition of MANNARINO is the first step in our ambition to strengthen our position both in North America and in our historic field of systems engineering and software. by 2028. This partnership directly responds to the acceleration of customer needs for complex and safety-critical embedded technologies MANNARINO is recognized for its know-how in the emblematic field of eVTOLs (electric Vertical Take-Off and. Landing’), with its ability to deploy certifiable code with OAC (Design Approval Body) accreditation, and having a real-time and very innovative in-house solution. I am convinced that the resulting synergies will allow. for SCALIAN to develop by integrating high performance systems, including Artificial Intelligence, into the next generation of products for the benefit of our customers. Furthermore, sharing our values with the MANNARINO team, led. by its founder John Mannarino, was a key element in completing this acquisition. We therefore have a common vision and ambition for success for our employees and our customers. Welcome on board to the fantastic MANNARINO team!”
©2024 Boursier.com