ACTIA Group and Diadem, the parent company of STEEL Electronique, have entered into exclusive discussions to examine ways in which they might work more closely together. The possible transaction remains subject to negotiation.
Working in the Toulouse region, the European aerospace capital, where the development of NewSpace promises to boost the outlook for the industry, ACTIA intends to further raise the stakes by working with STEEL Electronique. Such a deal would enable ACTIA to develop a leading industrial entity as a supplier of embedded electronics, essentially as a Tier 2 supplier in the following areas:
- Aeronautics,
- Space and NewSpace,
- Telecommunications (ground and embedded space systems).
The industrial entity devoted to these activities would generate annual revenues of almost €70 million, of which about €7 million for STEEL Electronique, would have a team of around 250 employees, of whom one third in R&D, and its goal would be to generate strong revenue growth over the next 5 years.
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ABOUT STEEL Electronique
Resolutely positioned in the field of high technology, STEEL Electronique’s activities are focused above all on space. STEEL Electronique is an SME of about sixty people, half of whom are engineers specialising in the design (R&D), development and production of electronic space equipment and systems for over forty years.
With revenue of around €7 million in 2022, up by 15% on 2021, STEEL is a major player in the space community, fully recognised as an equipment manufacturer, not only by major customers in the space industry (agencies and manufacturers), but also by other bodies and laboratories involved in space projects.
ABOUT ACTIA
ACTIA Group is a mid-market company (ETI) founded in 1986. It is at once family-owned and international and its head office is located in France. The family aspect guarantees the long-term future of the Group and its independence with an ever-present entrepreneurial spirit. ACTIA’s business is to design and produce electronics to control systems in the particularly demanding fields of the automotive, rail, aeronautics, space, defence, energy and telecommunications industries.
The commitments made by ACTIA are reflected in the Group’s ambitious contributions to addressing societal issues: mobility, connectivity, safety and the environment. Control over the design and production of products bearing the ACTIA signature is a true guarantee of quality. Without exception, all Group employees share this belief in quality in a fully certified environment.
KEY FIGURES
- 2022 turnover: €499.8 million.
- Over 3,600 employees around the world, of whom more than 1,000 engineers and technicians working in R&D.
- Present in 16 countries.
- 14 to 18% of revenue reinvested every year in R&D.
STOCK EXCHANGES
- Euronext Growth Paris
- ISIN FR0000076655 – Mnemonic: ALATI Reuters: MRSP.PA – Bloomberg: AIELF: FP
- Indices: CAC ALL SHARES – CAC ALL-TRADABLE – CAC INDUSTRIALS – CAC MID&SMALL – CAC SMALL – EN TECH CROISSANCE – GAÏA INDEX
CONTACTS
ACTIA – Catherine Mallet – Tel: +33 (0)561 176198 – contact.investisseurs@actia.fr
CALYPTUS – Marie Calleux – Tel: +33 (0)153 656868 – actia@calyptus.net
DATES FOR THE DIARY
2023 half-yearly results: Tuesday 19 September 2023 at 7 am – Presentation of half-yearly results: Wednesday 20 September 2023.