Context

Nexteam acquired Ucelia from Noe Industries in a competitive auction process involving both industrial players and private equity funds. The transaction was closely monitored by the French State due to the target's strategic role in the Rafale fighter jet supply chain. The acquisition allows Nexteam to consolidate the fragmented sand-casting market, creating a dedicated division with €70 million in revenue. For the sellers, the deal marks a successful three-year turnaround cycle, delivering a significant valuation step-up.

Target

Ucelia is a Tier 1 and Tier 2 supplier specializing in high-precision aluminum sand casting for the aerospace, defense, and energy sectors. It produces critical structural components for major programs, including the Dassault Rafale, Airbus aircraft, and ArianeGroup rockets. Under Noe Industries' ownership, the company underwent a significant industrial turnaround, with €15 million invested in modernizing production tools and enhancing productivity. The company employs approximately 250 people and has nearly doubled its turnover in three years.