Private equity firms Adagia Partners and Bpifrance completed the acquisition of ADHETEC, an industrial adhesive solutions provider, from Alvest, an industrial equipment supplier. Financial terms were not disclosed. “Thanks to the customer centric culture of its team, ADHETEC managed to continuously grow and develop since its incorporation. I’m very thankful to ALVEST, which has been a great and supportive organization throughout the last 30 years, helping ADHETEC to become a worldwide organization adequately structured. I’m very excited to get Adagia Partners and Bpifrance on board to engage in the next phase of our development. We are looking forward to an acceleration and intensification of innovation & internationalization. Adagia Partners, Bpifrance and ADHETEC teams are sharing the same core values which are a solid basement for performance and success," Alexis Gabillon, ADHETEC CEO.