Souriau is a leading European manufacturer of sophisticated connectors dedicated to three niche markets in aeronautics, defence & space and industrial applications.
Souriau specializes in high-end connectors resistant in severe environments such as high/low temperature, high/low pressure, strong vibrations or high magnetic fields.
Souriau has developed strong and long-standing relationships with Original Equipment Manufacturers (OEMs) which highly regard the reliability and quality of its products. Thanks to this positioning and to Souriau’s leading technological expertise, the group is present on the major aeronautical platforms worldwide and on the key defence programs in Europe
Key financials:
Souriau reported revenue of €216.6 million for the year ended June 30, 2009, of which 67% in Europe and 23% in the United States. The company employs 2,120 people.
Management:
François Calvarin has been CEO of the group since 2001, assisted by an experienced and recognised management team. Bernard Degoul, CFO, and Thierry Quillet, Sarthe sites director, complete the executive board.
Sagard’s position:
Sagard is Souriau’s principal shareholder since January 2006, alongside the management team and two co-investors, Crédit Agricole Private Equity and mezzanine fund ICG.
“We chose Sagard because of the quality of the industrial approach, the quality of their team and network, their commitment to the development of Souriau and because fundamentally their culture which stems from the tradition of family owned businesses is well aligned with Souriau’s. ”
François Calvarin
Founder
Investment rationale:
Leading positions in its three markets thanks to its technological leadership, its high quality customer service and its strong brand image.
An attractive positioning with major OEMs and on the most promising programs in its three markets.
Significant growth opportunities, notably in the United States and through the development of new innovative products.