A consortium of investment funds led by Azulis Capital completed the acquisition of Axxon Composites.

A consortium of investment funds led by Azulis Capital, a private equity firm based in Paris, completed the acquisition of Axxon Composites, a company that manufactures carbon masts and booms for pleasure and racing boats. Financial terms were not disclosed. "We are delighted to welcome Axxon to the Wichard Group. This acquisition enables us to offer our customers a wide range of carbon masts. We are able to equip both racing and cruising and merchant vessels in sizes ranging from 35' to over 150'. At the end of 2023, we will be finalizing the constitution of a coherent, high-quality industrial offer, which will enable us to position ourselves widely in the deck equipment market for sailing boats, but also in the industrial world, whenever safety and performance are required," Jean-Claude Ibos, Wichard Group Chairman.