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PT Technologies Europe and Socomore mergers

Published on 04 February 2013

PT Technologies Europe and Socomore are delighted to announce their merger through Socomore’s acquisition of a majority stake in PT Technologies Europe’s capital as of January 31st 2013.

The companies have very complementary businesses in terms of product ranges, product approvals and territories.  Both are mainly dedicated to aerospace surface preparation. The teams are working together to organize synergies for the future. "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, through the cross marketing of a wider range of specialist product chemistry  to an international marketplace " says James O'Brien, PT Technologies Europe' CEO.

This merger brings together the opportunity for both companies to answer their customer's international expectations, with a consolidation of suppliers dedicated to aerospace-approved chemical products. "This is critical for us and our goal is to grow into a manufacturing and innovative "medium-sized business" reminds Frédéric Lescure, Socomore's CEO.

As a sign of industry acknowledgement, the aerospace-dedicated investment fund Aerofund II, managed by ACE Management and sponsored by main prime contractors such as Airbus and Safran, has recently invested into Socomore’s capital to support this operation, and then becomes one of the equity partners, alongside CM-CIC Capital Finance and Audacia, of the controlling shareholder Frédéric Lescure. He will manage the new entity.

The merger in key facts :

All together, PT Technologies and Socomore will represent a global turnover of € 35 millions with € 26 millions in the aerospace market. They offer to all the most famous aircraft and engine manufacturers, equipment suppliers and subcontractors, different lines of products developed in their R&D facilities to meet their customers' specialized needs. Their products are approved by  Airbus, Boeing, Bombardier Aerospace, British Aerospace, Dassault, EADS Group, Eurocopter, Martin Baker, Messier Dowty, Pratt &

Whitney, Rolls Royce, Safran Group, ...

PT Technologies Europe, based in Ireland (Cork) since 1994, is a leading manufacturer of low VOC environmentally responsible water-based and solvent surface cleaners, cable cleaners, cable installation lubricants and antibacterial hand cleaners for the Aerospace and Utility industries. The company employs 30 people and represents 5+ M€ turnover in 2012  with 90% abroad.

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