Alfeor, a nuclear equipment supplier launched in September by Arnaud Montebourg’s “Les Equipes du Made in France” and investment firm Otium Capital, announced two new acquisitions on Tuesday, following two others last month.
Strategic Growth in the Nuclear Sector
These acquisitions, Delta Metal and Effitech laboratory, “confirm Alfeor’s ambition to build a leading equipment manufacturer by uniting SMEs into a mid-sized industrial company (ETI),” Alfeor stated.
The acquisitions will strengthen Alfeor’s “expertise and production capabilities” in the “manufacture of high-performance metal fasteners” (Delta Metal) and “metallurgical and mechanical testing and analysis” (Effitech laboratory).
Building Momentum with Previous Acquisitions
These add to the first two acquisitions: French SME TSM (surface treatment and mechanics) and Belgian company Les Ateliers de la Meuse (boilermaking and machining), announced on May 21st.
“With these four acquisitions, Alfeor achieves a consolidated turnover of 30 million euros and employs 200 people,” the statement said. The company was born in September 2023 from the association between “Les Equipes du Made in France” of former Economy Minister Arnaud Montebourg and the investment fund Otium Capital.
Continued Expansion and Industry Impact
“Beyond these first four acquisitions, Alfeor intends to pursue rapid development and is discussing with many SMEs” that seek to “sustain their business, accelerate their development, and reach a critical size to better meet the growing expectations of major contractors” in the sector, such as EDF and Framatome.
“In a short time, Alfeor has made four key acquisitions, reflecting the shared conviction of SMEs to contribute to the revival of the French and European nuclear industry,” commented Mr. Montebourg, co-founder and chairman of Alfeor’s supervisory board.
Positioning as a Key Player in the Nuclear Renaissance
“Alfeor thus confirms its ambition to become a leading equipment manufacturer in the nuclear sector” and a “French and European leader,” he added.
According to Gifen, a professional nuclear union, TPEs and SMEs constitute 85% of the companies active in the French nuclear sector. Long neglected due to a lack of industrial projects, the sector must now meet the challenge of reviving nuclear power in France, with at least six new generation reactors to build and aging plants to extend.