Announced
Financials
Sources
Tags
Acquisition
France
complex machining
Machinery: Specialty
Pending
Friendly
Single Bidder
Private
Majority
Private Equity
Domestic
Synopsis
Siparex-backed Fonds France Nucléaire, a fund for the development of nuclear power industry, with participation from Unexo and BNP Paribas Développement, agreed to acquire Groupe PG, a specialist in complex machining and fine sheet precision metal services. Financial terms were not disclosed. “After 38 years of regular growth, I want to thank my teams. I have been preparing the transmission for several years and chosen as a partner principally the France Nuclear Fund, managed by Siparex. In my eyes it was the best proposal for ensure the continued development of the group, also proposing a real project of growth in nuclear power, a sector of excellence in which I am convinced of the future, particularly in the Dieppe region where I am very involved. I pass the baton to Laurent Mauny and will continue to support the Group as Chairman of the strategic committee," Patrice Gault, PG group Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.