How to resolve AdBlock issue? Abipa Canada forms strategic alliance with ARM Group
- Details
- November 6, 2021
Abipa Canada Inc. and the French ARM Group have formed a new aeronautical group under the banner ABIPA International.
The new group becomes a key player on an international scale in the sector of machining and assembly of sub-sets. This new initiative will give both companies new development prospects through the creation of an international group of critical size, enabling them to further diversify, developing their activities and maintaining their expertise on their various sites.
This transaction comes in response to significant market demand from major OEMs and equipment manufacturers to consolidate the supply chain. Abipa Canada, based in Boisbriand, Québec, and ARM Group have complementary customer bases and products and participate in leading aircraft programs.
The new group provides a balance between two strong geographical areas in the global aeronautics sector, North America and Europe, as well as a strategic location in North Africa. It has significant critical size, with turnover in excess of Cdn$100 million, which will enable it to continue its growth and development with its 400 employees and its industrial presence spread over six sites and three continents, in Canada, France and Morocco.
As part of this transaction, which closed on November 1, 2021, all ARM Group shareholders have joined Abipa shareholders in the capital of Abipa Canada, the parent company of the new group.
To support the financial structure of the new group, the Fonds de solidarité FTQ, as well as Export Development Canada (EDC), are investing a total of Cdn$15 million in equity as part of a balanced capital structure with management.
Jean Blondin will continue to serve as president and CEO and Ludovic Couillaud will join Abipa Canada's Executive Committee as executive vice president and general manager, Europe and Morocco.
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