Alfeor, the company born in September 2023 from the association between Arnaud Montebourg’s “Les Equipes du Made in France” and the investment fund Otium Capital, is actively pursuing its external growth strategy. The company has just announced the acquisition of two additional SMEs, Delta Metal and Effitech laboratory, specializing respectively in the manufacture of metallurgical fasteners and metallurgical testing and analysis. These acquisitions follow on from those of TSM and Ateliers de la Meuse, formalized last month.
Alfeor intends to create a mid-sized equipment manufacturer by bringing together SMEs with complementary expertise. The aim is to offer a diversified portfolio of activities and know-how to better meet the needs of its civil nuclear customers, such as EDF and Framatome. With these four acquisitions, Alfeor now has consolidated sales of €30 million and 200 employees.
Strengthening expertise and industrial capabilities
The takeovers of Delta Metal and Effitech are designed to enhance Alfeor’s expertise in high-precision metallurgical fasteners, testing and specialized technical analysis. These are essential areas for guaranteeing the quality and reliability of equipment used in nuclear power plants. They complement TSM’s expertise in surface treatment and mechanical engineering, as well as the boilermaking and machining experience of Ateliers de la Meuse. In addition to strengthening its expertise, these operations will also enable Alfeor to significantly increase its industrial capacity to meet future demand from major French civil nuclear contractors. The industry faces the challenge of building six new EPR reactors and reinvesting in existing plants to extend their lifespan. Reflecting a positive dynamic, these successive acquisitions demonstrate the SMEs’ shared conviction in contributing to the renewal of the French nuclear industry. Faced with the prospect of a large number of future projects, strengthening and structuring this sector represents a major strategic challenge.
Aware of the opportunities that lie ahead, Alfeor has ambitious development ambitions. “In addition to these first four acquisitions, Alfeor intends to pursue its rapid development and is in discussion with a number of SMEs,” the company stresses in its press release. The aim: “to achieve critical mass so as to be better equipped to meet the growing expectations of major contractors”. For Arnaud Montebourg, Chairman of Alfeor’s Supervisory Board, “these key acquisitions reflect the conviction shared by SMEs to contribute to the renaissance of the French and European nuclear industry”. The former minister insists: “Alfeor thus confirms its ambition to become a benchmark equipment supplier in the nuclear sector” and a “French and European leader”. With this in mind, Alfeor seems ideally positioned. By pooling the know-how of hitherto fragmented SMEs, the equipment manufacturer aims to create a major industrial player, capable of meeting the technical challenges and demanding production volumes that lie ahead. A strategy that is paying off, and could well make Alfeor an entrepreneurial success story in the years to come.
