Who is Aequs Aeropace, the Indian SME that relies on make in France?
October 30, 2017
While major donors and tricolor SMEs want to strengthen in India, this Indian aeronautical subcontractor takes the opposite course. Aequs Aerospace wants to make France a stepping stone for its international ambitions.
If French companies rely on make in India, as shown by the new investment of more than 100 million euros of Dassault Aviation in India, France is starting to attract its Indian counterparts. First of all, Aequs Aerospace, a subcontractor specializing in the machining of aerospace parts, which has a workforce of 1,500 employees for a turnover of the order of a hundred million euros. The company wants to make France its stepping stone on the international scene.
In February 2016, it acquired Sira, a cluster of aerospace SMEs with 300 employees in France, claiming to be the fifth largest Indian employer in France. "The goal is to triple our global business by 2020. This will be possible if we approach our big customers and especially in France.You can not do everything from India, " said Aravind Melligeri, its CEO at the Paris Air Show last June where he exhibited for the first time.
The manufacturer wants to strengthen its status as a supplier to the major players in France such as Safran , Airbus , Dassault Aviationbut also foreigners such as Boeing , Goodrich ( United Technologies ), Liebherr Aerospace. The manufacturer exhibited the equipment they deliver to them in the aisles of the world's biggest air show: impressive parts for landing gear and A320 engines, oil tanks for the Tigre and Rafale helicopters. ...
4 factories in France
A way also for the group to display its international ambitions. While India relies on make in India to boost its industrial skills, Aequs relies on external growth within major aerospace hubs. With the acquisition of Sira in 2016 and its factories based in Cholet, Aubigny, Besançon and Pierrefitte, it has a French industrial base with expertise in the field of machining hard metals such as inkomel, manufacturing precision mechanical parts, boilermaking ... Aequs wants to go even further thanks to a $ 100 million investment program over the next three years."Machining is our core business but we want to expand our skills and move upmarket," explains Aravind Melligeri.
Strategic partnership with Aubert & Duval
To this end, Aequs has forged strategic partnerships with the Canadian group Magellan in the field of surface treatment, with French Aubert & Duval in the field of forged and forged parts, and a Swedish assembly group.
Following the sale of the 36 Rafale to India last year, Aequs knows he has a good card to play. The Indian subcontractor points out that it already generates a turnover with Dassault Aviation in the order of $ 600,000 per year. It should take advantage of the new industrial agreements signed between Dassault Aviation, Thales and the large Indian prime contractor Reliance Group.