July 27, 2017, Paris – TRIGO has acquired 100% of the capital of MAVE AERONAUTICA from founder Joaquin Arregui and other shareholders. This transaction is a major step in TRIGO’s consolidation strategy in the European aerospace quality services market. It will strengthen MAVE AERONAUTICA’s position by taking the mainly Spanish company to an international level.
MAVE AERONAUTICA is the pioneer of outsourced quality services for the aerospace sector in Spain, where it has been serving Airbus and other clients for more than 16 years. The company has deep expertise in quality inspection, quality assurance, measurement and tooling maintenance solutions. In today’s highly international aerospace supply chain, MAVE has found in TRIGO the best partner to sustain its past successes and to make its expertise available to its customers outside of Spain. MAVE founder, Joaquin Arregui, and Executive Vice President, Carlos Maria-Tomé Arnal, will progressively retire and the company will be managed by Antonio Gomez, General Manager since early 2016, based in Cadiz.
TRIGO had entered the Spanish aerospace market in 2015 via the acquisition of GLOBAL Q. Together with MAVE, TRIGO will achieve more than 70 million euros of annual revenue in the aerospace and heavy transportation sector, with significant operations in Spain, France and Germany as well as North America and Asia. After the acquisition of Böllinger and Euro-Symbiose in 2016, MAVE is the third one since ARDIAN, the private investment company, started backing TRIGO in mid-2016. TRIGO will continue to pursue its market consolidation strategy in operational quality services for the transportation industry, ultimately offering worldwide, efficient solutions and expertise to its international, innovation-driven customers.
“TRIGO is proud to welcome MAVE into the Group”, said Matthieu Rambaud, TRIGO CEO and Benoit Leblanc, EVP of Europe at TRIGO. “We strongly believe that the integration of MAVE within TRIGO, alongside GLOBAL Q, will benefit to our clients of Spain and beyond in terms of efficiency, expertise and innovation capacity. We enthusiastically welcome our new colleagues of MAVE and are looking forward to seeing them enjoy new development opportunities within our Group.”
“With TRIGO, we found the acquirer that we were dreaming about for the future of MAVE, its customers and its employees", added Joaquin Arregui, MAVE Founder and Carlos Maria-Tomé Arnal, EVP of MAVE. "TRIGO and MAVE share the same values. We thank our customers for trusting MAVE and we thank all the employees for having made our development adventure possible so far, and for staying proud and focused on generating the success of tomorrow within TRIGO.”
About TRIGO Group
Founded in 1997, TRIGO is a multinational company providing operational Quality Management solutions for the manufacturing sector, especially in the automotive and aerospace industries. With a team of several thousands of professionals present in 20+ countries across 4 continents, TRIGO offers a comprehensive portfolio of quality assurance services ranging from inspection to expert audit, consulting and training.
About MAVE
Founded in 2001, MAVE is a Spanish company providing Aeronautical Quality Services and Maintenance/Quality of Tooling and Production Means to several Industries. With a Team of + 470 Professional employees and developing activities all through the world, with main installations at Cadiz, Sevilla and Madrid, in Spain.
About ARDIAN
Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$60bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.
Ardian maintains a truly global network, with more than 430 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey, Luxembourg. The company offers its 560 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates.
TRIGO Group Contact
Emmanuel MARQUIS
EVP Aerospace and Heavy Transportation Business Line, TRIGO Group
+33787108883
emmanuel.marquis@trigo-group.com
MAVE Contact
Carlos Maria-Tomé ARNAL
EVP MAVE Aeronautica
+34956265245
c.mariatome@maveaeronautica.es