Socomore And PT Technologies Announce Merger

Socomore and PT Technologies have announced their merger after Socomore took a majority stake in the other company. Both companies provide surface preparation services. The two are worth a combined turnover of €35m with €26m in the aerospace market. “The integration of Socomore and PT Technologies Europe is an exciting chance to extend the activities of both companies in aerospace and other niche markets such as energy,” commented James O’Brien, CEO of PT Technologies Europe. Aerospace investment fund, Aerofund II, managed by ACE Management, recently invested in Socomore; it becomes an equity partner alongside CM-CIC Capital Finance and Audacia of Frédéric Leisure.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish