Souriau: Start of a disposal process in coordination agreed with management team. Paris, the 19th September 2005.

Following non-solicited approaches it has received from both financial investors and industrials, AXA private Equity, in coordination with Souriau’s management team, is considering a potential disposal of its shareholding in Souriau, Europe’s leading connectors manufacturer dedicated to industrial, military and aerospace markets.

In this perspective, AXA Private Equity and Souriau’s management team are evaluating proposals from potential acquirers, with a view  to maintain Souriau’s independence and to pursue the group’s development objectives.

On 30 April 2003 AXA Private Equity structured the LMBO of Souriau to allow the Group to accelerate its development whilst consolidating its technological and industrial leadership in the international marketplace. 

AXA Private Equity controls Souriau’s capital alongside its management team, which is headed by François Calvarin.

About Souriau:

The Souriau group is realising a turnover of approx. € 160 million in the field of interconnecting systems in extreme environments, and is participating in key international aerospace and military programs. The company has strong industrial positions in the railway, geophysical, robot, and instrumentation markets. The Souriau group owns industrial sites in France, the US, Japan, the Dominican Republic, Morocco, and India and is further supported by a network of commercial corporations in over 15 countries.

Contact:

Bernard DEGOUL
+33 (0)130 84 77 20
mailto:20bdegoul@souriau.com

Press contact:

AXA Private Equity
+33 1 44 45 92 20