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SOURIAU – SUNBANK Connection Technologies
Sagard engaged in exclusive discussions with Esterline Technologies Corp (« Esterline ») for the acquisition of the Souriau Group (« Souriau ») by Esterline.
Souriau is one of the leaders in the business of harsh environment connectors for the aerospace,
defense and industrial markets. Souriau employs 2,300 people worldwide, including more than 1,300
people in France and its annual sales reach 238 million Euros. Esterline is a diversified international
corporation listed in the NYSE (code ESL) which annual sales reach 1,5 billion USD, specialized in
components and systems mainly for the aerospace and defense markets. Esterline has an established
footprint in France, through its subsidiaries Auxitrol SA and Leach SA with over 1,100 employees on 3
industrial sites.
This acquisition, which would make of Souriau a new platform within Esterline’s Sensors & Systems
segment, would give Souriau increased financial strength to participate in the consolidation of the
connectors industry and accelerate its growth. It would also improve Souriau’s ability to address US
customers in the aerospace and defense markets. The current management team of Souriau would
remain in charge of this new platform, which would keep its current structure and industrial
locations.
Frédéric Stolar, Partner at Sagard, is enthusiastic about the contemplated transaction: “Souriau has
experienced an exceptional industrial journey and is typical of the type of company with which we
like to associate. Enjoying a portfolio of high quality customers, supported by one of the most
innovative Research & Development and strong industrial investments, the company has achieved an
exceptional growth both of its sales and profit, despite the major global downturn in the economy.
The support of an industrial group should help accelerating the international development of Souriau
and allow the company to become a global leader which cannot be overlooked.”
François Calvarin, CEO of Souriau said : “the know‐how Esterline has developed in the aerospace and
defense markets complements ours nicely, and will allow the Souriau Group to export French
technologies and address new customers, especially in the United States. Over the past 5 years,
Souriau took advantageof the support of Sagard and its business network to strongly grow. With my
team, we started a few months ago the search for an industrial partner to support our development
strategy, and in particular to strengthen our presence in the United States and to give us further
access to the global markets. The support of this new parent would guarantee the future of the
company and represent a new challenge on the international market.”
For Brad Lawrence, Esterline CEO, “we were very impressed by the industrial expertise of Souriau, by
its technologies and by its management team. The Souriau know‐how and its culture are close to
ours. Leveraging the management team of Souriau we are confident that we can give the company
new resources that will enhance its ability to become global.”
Contacts :
Sagard and Souriau Group:
Publicis Consultants
Jérôme Goaër +33 (0)1 44 82 46 24 This email address is being protected from spambots. You need JavaScript enabled to view it.
Vilizara Lazarova +33 (0)1 44 82 46 34 This email address is being protected from spambots. You need JavaScript enabled to view it.
Esterline Technologies Corporation:
Website : www.esterline.com
Investor relations (Brian D. Keogh) : +1 (425) 453 9400
defense and industrial markets. Souriau employs 2,300 people worldwide, including more than 1,300
people in France and its annual sales reach 238 million Euros. Esterline is a diversified international
corporation listed in the NYSE (code ESL) which annual sales reach 1,5 billion USD, specialized in
components and systems mainly for the aerospace and defense markets. Esterline has an established
footprint in France, through its subsidiaries Auxitrol SA and Leach SA with over 1,100 employees on 3
industrial sites.
This acquisition, which would make of Souriau a new platform within Esterline’s Sensors & Systems
segment, would give Souriau increased financial strength to participate in the consolidation of the
connectors industry and accelerate its growth. It would also improve Souriau’s ability to address US
customers in the aerospace and defense markets. The current management team of Souriau would
remain in charge of this new platform, which would keep its current structure and industrial
locations.
Frédéric Stolar, Partner at Sagard, is enthusiastic about the contemplated transaction: “Souriau has
experienced an exceptional industrial journey and is typical of the type of company with which we
like to associate. Enjoying a portfolio of high quality customers, supported by one of the most
innovative Research & Development and strong industrial investments, the company has achieved an
exceptional growth both of its sales and profit, despite the major global downturn in the economy.
The support of an industrial group should help accelerating the international development of Souriau
and allow the company to become a global leader which cannot be overlooked.”
François Calvarin, CEO of Souriau said : “the know‐how Esterline has developed in the aerospace and
defense markets complements ours nicely, and will allow the Souriau Group to export French
technologies and address new customers, especially in the United States. Over the past 5 years,
Souriau took advantageof the support of Sagard and its business network to strongly grow. With my
team, we started a few months ago the search for an industrial partner to support our development
strategy, and in particular to strengthen our presence in the United States and to give us further
access to the global markets. The support of this new parent would guarantee the future of the
company and represent a new challenge on the international market.”
For Brad Lawrence, Esterline CEO, “we were very impressed by the industrial expertise of Souriau, by
its technologies and by its management team. The Souriau know‐how and its culture are close to
ours. Leveraging the management team of Souriau we are confident that we can give the company
new resources that will enhance its ability to become global.”
Contacts :
Sagard and Souriau Group:
Publicis Consultants
Jérôme Goaër +33 (0)1 44 82 46 24 This email address is being protected from spambots. You need JavaScript enabled to view it.
Vilizara Lazarova +33 (0)1 44 82 46 34 This email address is being protected from spambots. You need JavaScript enabled to view it.
Esterline Technologies Corporation:
Website : www.esterline.com
Investor relations (Brian D. Keogh) : +1 (425) 453 9400
