Cerea Partners completed the acquisition of a majority stake in AB Process Ingénierie and Coaxial Technologie from Trajan Capital.

Cerea Partners, an independent fund management company, completed the acquisition of a majority stake in AB Process Ingénierie, a designer of automated solutions to automate processes, in particular end-of-line automation for the food industry, and Coaxial Technologie, a producer of production lines for the food industry, from Trajan Capital, an investment firm that provides complete capital and managerial takeover solutions for french SMEs in the transfer phase. Financial terms were not disclosed. “We are delighted to have Cerea, a key partner in the food industry, at our side for the next stage in the group’s growth.Having a shareholder with an in-depth understanding of what our clients in this sector are looking for was particularly resonant for us, as we endeavour to help food processors and manufacturers address these same priorities,” Brian Boulanger, AB Process/Coaxial group CEO.