The FINANCIAL — Crédit Agricole Private Equity, via its LCL Régions Développement fund, is investing €1.5 million in AEMI, a group specialising in precision mechanical engineering. The investment is taking place through an OBO involving Dominique Guichené, the company's Chairman and sole owner, who will retain most of the capital.
According to Crédit Agricole, AEMI was founded in 1980 by Mr Guichené, and is one of France's leading players in the high-speed precision manufacturing of mechanical components, and in the integration of mechanical and mechatronic sub-assemblies.
The group produces complex and large components in small and medium-sized production runs. Its serves high-value-added niche markets in sectors including military hardware, aeronautics, space and medicine. AEMI is based in Mérignac, and has three production sites: one in France, one in Portugal and one in Tunisia. All three have ISO 9011 and EN 9100 certification. Customers consist mainly of large European manufacturing groups, and include Safran, Thalès, Dassault and Nexter.
AEMI generated €14 million of revenue in 2011 and has more than 250 employees.