Nexteam eyes more M&A after merger with Ventana

Nexteam Group, which recently merged with fellow French aircraft parts manufacturer Ventana Group, plans to pursue additional merger and acquisition (M&A) opportunities, according to the combined company.

Nexteam will consider a potential deal if it “fits our strategy for growth in our markets”, the company said on 28 February in a written response to questions.

Nexteam and Ventana completed their previously announced merger on 11 February, creating a “major player” in aviation with 2,200 employees. By joining forces, the two firms expect to become more agile and resilient and better able to attract new employees.

The combined entity, which serves both military and commercial aircraft, will use the Nexteam name and will be based in legacy Nexteam's headquarters in the town of Marmande in southwestern France. It will have three divisions: Machining, Foundry, and Sheet Metal & Welding.

Ludovic Asquini and Christophe Maury, both of legacy Nexteam, will serve as chairman and managing director, respectively, of the combined company. Nicolas Boyer from legacy Nexteam will lead the Machining division, and Vincent Taborin and Daniel Charbonnel, both from Ventana, will lead Foundry and Sheet Metal & Welding, respectively. Ventana executives Gerard Russo and Guy Kilhoffer will become strategic counsellors to the management team.