October 21, 2021
by Marc Selinger
Nexteam and Ventana are both based in the southwest of France. (Getty Images)
French aerospace suppliers Nexteam Group and Ventana Group have agreed to join forces, creating a combined company of 2,400 employees, according to a joint announcement.
The merged entity will have 22 production sites and a presence in seven countries in addition to France: Austria, Morocco, Poland, Portugal, Romania, Sweden and Tunisia. It will serve business, commercial and military aircraft; civilian and military helicopters; satellites; space launchers, and “major defense programs,” reads the Oct. 6 announcement.
Nexteam and Ventana are respectively based in the towns of Marmande and Narcastet, both located in the southwest of France. Nexteam was born in 2015 from the merger of several family businesses. Ventana was established in 2003, and has made acquisitions to help it grow.
Nexteam’s investors include French private equity firm Ace Capital Partners, while owners of Ventana include Austrian private equity firm Montana Holding. The merger announcement does not indicate who will own the merged entity or when the transaction is expected to close.
Get the full article by subscribing to Janes
Already subscribed to Janes? Keep reading