News

Great success for the 13th InnoTrans 2022

Satys Interiors was present at the 13th Innotrans exhibition to present our latest railway products (automatic drink and snack dispensers, equipped toilets, floors, etc.).

Our development work with manufacturers and operators is very successful with many visits including Alstom, Stadler, Siemens, SNCF and Deutsche Bahn.

This event was very rewarding and we would like to thank all our Customers and Partners for your trust!

Thank you to the Satys team for your commitment and see you in 2 years!

Satys Surface Treatment Toulouse celebrates its 30th anniversary

For Satys Surface Treatment Toulouse's 30th anniversary, we had the pleasure to welcome our most valued customers and partners who visited our facilities and had the chance to appreciate the changes carried out during the summer.

We would like to thank our customers for their trust and our partners for their contribution over the last 30 years.

This was the opportunity to thank all our employees with a friendly event too!🥳

Aero Forum La Tribune Trophies

Congratulations 👏 to Jérôme Davezat who was awarded the R&D Trophy this morning!

Jérôme Davezat has been working at Satys since 2002. He is Continuous Improvement Coordinator and won this trophy against three other very talented candidates.

Congratulations 👏 to Jérôme Oustric who was rewarded by the Jury's Favorite Trophy (special prize).

Jérôme Oustric arrived at Satys almost 20 years ago as an operator. He is managing the sealing operations and is the head of painting training in Toulouse.

We also congratulate Jean Pierre Trepin, nominated in the Mechanical Systems category, who did not win the trophy this time, but who is still an exemplary talent!

A big thank you 🙏 to all three for your daily commitment and involvement at Satys.

Satys Aerospace is now on Instagram !

Feel free to follow, like 👍 and share our posts 📱.

See you soon on Instagram!

Satys Aerospace invests in brand new energy-efficient painting room to meet ATR’s needs

Satys Aerospace invests in brand new energy-efficient painting room to meet ATR’s needs.

The new facility has been entirely designed to optimise energy consumption and reduce the carbon footprint of ATR aircraft’s painting cycles.

ATR’s Chief Executive Officer, Stefano Bortoli, and Christophe Cador, CEO of SATYS, signed a new 15-year contract based on a yearly volume commitment. This long-term agreement with SATYS, world’s leading aircraft painting supplier, is a clear demonstration of ATR’s confidence in the future and strong ties with its local partners.

This commitment will enable SATYS to resume work on painting room LS06 (in Blagnac, France) – started before the COVID health crisis, for an investment of around €12 million. The new facility – scheduled to become operational at the end of 2022 – has been entirely designed to reduce aircraft painting cycles whilst optimising energy consumption, to keep carbon emissions to a minimum.

Up to 90% of the air inside the room will be recycled to limit heat production and a specific emphasis will be put on isolation to limit heat loss. Air flows will be reduced – by approximately 25% – as well as water, electricity and gas consumption. Thanks to variable speed drives, it will be possible to adapt the power of technical equipment in real time to further reduce electricity consumption. Finally, the surface of the building itself has been optimised to limit its ground footprint and impact on existing green spaces.

Through this initiative, ATR affirms its desire to support the development of its region, by investing over the long term in local businesses and boosting the entire chain of partners and subcontractors – always working towards a more sustainable aviation industry.

Satys Aerospace signs agreement with MBRAH to launch paint shop facility at Dubai South

SATYS AEROSPACE SIGNS AGREEMENT WITH MBRAH TO LAUNCH PAINT SHOP FACILITY AT DUBAI SOUTH.

The new facility is in line with a previous agreement between both parties.

he new launch confirms the recovery of the aviation sector.

On the sidelines of its participation at the MRO Middle East, the exhibition that brings the commercial aviation aftermarket under one roof and taking place at the Dubai World Trade Centre, the Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai dedicated to the advancement of the aviation industry, signed an agreement with Satys, the French group specialized in aircraft sealing and painting, to develop a paint hangar at MBRAH that spreads across 33,000 square feet with the latest technology. The signing ceremony was attended by Tahnoon Saif, CEO of MBRAH and Frederic Seguy, Business Development Deputy Director at Satys Aerospace.

Construction of the new hangar will commence this year and is expected to conclude by Q3 2023. Once complete, Satys will provide private jets and narrow-body aircraft painting.

In his comments, Tahnoon Saif, CEO of Mohammed bin Rashid Aerospace Hub, said: “We are pleased to sign this agreement with Satys, a global name in the industry that will provide the best painting capabilities and offer optimised services to our discerning customers worldwide. This partnership confirms the recovery of the aviation sector and the high demand for general aviation services. It also underlines our position in attracting the top global players in the aviation sector to establish their presence in the emirate and operate in an integrated, economic environment, where they can connect with international markets. We will spare no effort to solidify and cement Dubai’s position on the world aviation map.”

Christophe Cador, CEO of Satys, said: “This new partnership with MBRAH will enable us to expand our existing global presence from the 13 countries we currently operate from. We are pleased to provide our extensive and unique services to customers from across the region and then limit ferry flights and the impact on the environmental footprint.”

MBRAH offers global aerospace players high-level connectivity and is a free-zone destination for the world’s leading airlines, private jet companies, MROs, and associated industries. Located in and developed by Dubai South, MBRAH is also home to maintenance centres and training and education campuses. It seeks to strengthen engineering industries to foster the emirate’s vision of becoming a leading aviation hub.

Satys Aeropace acquires SPI Group

Satys Aeropace acquires SPI Group.

Satys, based in Toulouse, announced the acquisition of the Group SPI (Société de Peinture Industrielle) based in Malville near Saint-Nazaire (France), to strengthen its market position in the aircraft painting, sealing and surface treatment. A new European leader in surface protection for both sub-assembly and aeronautic parts will emerge from the regrouping of the companies.

With over 40 years of experience in this business, SPI is very active in the aeronautics industry and has many long-standing partners such as Airbus, Airbus Atlantic, Thalès, Safran, Dassault and Daher. It had a turnover of 40 million euros in 2019 vs 25 million euros in 2021(due to the crisis). It employs 500 people at 13 industrial sites in France as well as in Portugal and Morocco. SPI is also present in the space, rail and naval markets. This acquisition will significantly increase the size of Satys Aerospace: the group will have a turnover of 165 million for a full year post-Covid and will have more than 2200 employees in the world with 1300 in France. Satys will thus increase its number of sites from 32 to 45 in 13 countries.

“The integration of SPI within Satys sets the path for a new European leader”

Our activities are complementary, in both know-how and geographically,” points out Christophe Cador, founder and CEO of the Satys Group. “Like those in Satys, the SPI teams are highly qualified, and its management will maintain its role within Satys ensuring our shared objectives, notably on time delivery, capacity to innovate and reduction of the environmental footprint of our industrial activities. This regrouping of know-how and references, in France and internationally, is also part of a dynamic process of consolidating the industry. In the context of the current economic recovery and the perspective of strong growth of the industry, the integration of SPI within Satys sets the path for a European leader in surface protection aircraft components.” ».The CEO of Satys had already confirmed his ambition to grow in September 2021 when he announced the cash injection undertaken with Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, Bpifrance, l’IRDI Capital Investissement and a group of regional investors led by Crédit Agricole Régions Investissement (CARVEST).

The CEO of Satys had already confirmed his ambition to grow in September 2021 when he announced the cash injection undertaken with Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, Bpifrance, l’IRDI Capital Investissement and a group of regional investors led by Crédit Agricole Régions Investissement (CARVEST).

“Strong ability to handling increasingly complex and global projects”

The synergies between Satys and SPI are obvious,” emphasizes Gregory Mayeur, Satys Aerospace General Manger. “For our customers, this means consistency of the operational performance and strong ability to commit to handling increasingly complex and global projects as well as more innovation and competitiveness.”».

For the managers at Satys and SPI, the synergies between the two companies are the guarantee of increased operational excellence and access to new markets in Europe.“We are proud to work together with teams that have a recognized know-how and the same values. We strongly believe that their complementarity will allow Satys Aerospace to reach its objectives in terms of development,”say SPI President Patrick Monfort and General Manager Frédéric Plouvier. The managers of SPI will play a direct role in supporting this integration by heading up the new BU in a joint Management Committee of both Satys and SPI. Thus, demonstrating the trust already established between the two companies and a strong mutual commitment to the future.

For this acquisition, Satys Aerospace was advised by Ernst & Young for financial and HR due diligence and by Bignon-Lebray law office for legal matters. The SPI Group worked with the Oratio law firm and the Baker Tilly STREGO consulting firm for all social and financial aspects.

The acquisition of SPI by Satys Aerospace will take effect on February 1st, 2022. .

Satys announces the Group’s reorganization and a capital increase

Blagnac and Paris September 30th, 2021 “This operation will strengthen the group’s structure and prepare for both future growth and its role as an actor in the consolidation of the aeronautics industry in France, Europe and the United States,” says Christophe Cador, Satys founder when explaining the new development phase that the French industrial group, based in Blagnac, France, has engaged in. Satys will be reorganized into two separate entities, Satys Aerospace and Satys Interiors and fresh equity will be injected in Satys Aerospace to the tune of 40 million euros. The latter was underwritten by the current shareholders in Satys: Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, BPI France, IRDI Capital Investment, Satys Industries owned by Christophe Cador and a pool of regional and national investors from Crédit Agricole led by Crédit Agricole Régions Investissement (CARVEST). The management team headed by Christophe Cador will retain the majority of voting rights. Ace Capital Partners will reinforce its position with a subscription of 30 million euro, becoming the second largest shareholder of Satys Aerospace. This operation will take effect on September 30th, 2021, led by Christophe Cador (CEO), Grégory Mayeur (Satys Aerospace Managing Director), Pierre Yves Fargeas (Satys Aerospace CFO) and Olivier de Froissard (Satys Interiors Managing Director).

250 million euros in revenue by 2025

Similarly to all the players in the aeronautics industry, Satys was hard hit by the Covid- 19 crisis in 2020 and 2021. The group is now looking forward to a gradual return to growth for all its activities. “The most difficult is behind us now”, confirms Pierre-Yves Fargeas. “The equity injection will allow us to consolidate our financial situation, pursue our organic and external growth plans in France and in Europe and our very ambitious industrial CAPEX program, mainly in France. We are heading into the 2022-2026 period committed to meeting our economic, industrial and business challenges. Our undeniable strength comes from our group’s team spirit and method of governance with our investors. The regional banks have provided their unwavering support as well as their confidence in the aero industry. We can continue to count on them.” “We believe in the future of the civil and military aeronautic industry and helicopters and their capacity to bounce back and grow”, explains Grégory Mayeur who predicts by 2025 a revenue of 250 million euros compared to 110 in 2021 and 155 in 2019. “A target that can be met based on several drivers”, says Satys Aerospace Managing Director: “external growth, maintenance and repair (MRO) business recovery especially in the United States, an upturn in production rates as announced by the manufacturers, such as the A320 family (+50% in 2024 compared to 2021) and the ramp-up of the surface treatment activities. The recovery is starting to take shape”, rejoices Grégory Mayeur: “the group’s revenue for the fourth quarter in 2021 will increase by 39% compared to the same quarter in 2020 (+30% on a like for like basis), even if it is still 20% below compared to the same period in 2019.”

Two hundred employees to be hired in 2022

“We are proud that our current financial shareholders continue to show their trust in us, thereby demonstrating their optimism in our industry and in Satys Aerospace. A special mention for Ace Capital Partners: Ace Capital Partners, subsidiary of Tikehau Capital contribution to the capital increase validates our strategy as it brings together the French aeronautic industry support funds and the prestigious investors Airbus, Dassault Aviation, Safran, Thales, Tikehau Capital, the French National Investment agency, BPI France and Crédit Agricole. This operation both honors and obliges us”, insists the group’s founder, “to innovate constantly, deliver on time and on quality, to be competitive and to continue to reduce our carbon footprint for all our activities by investing in new technology”. Christophe Cador also acknowledges the commitment shown by the teams present in 10 different countries, who despite the unprecedented crisis have worked relentlessly over the last 18 months, with the main objective of delivering customer satisfaction. He would also like to thank all the customers as well who maintained their trust during these trying times. “We are enthusiastically embarking on a new phase in the life of the group. It will provide growth, employment – almost two hundred new hires in 2022 - as well as challenge us to onboard new teams”. Marwan Lahoud, President of Ace Capital Partners, subsidiary of Tikehau Capital says: “By underwriting this capital increase and by becoming the second largest shareholder after Christophe Cador founder of Satys Aerospace, we reaffirm our confidence in Satys and its management team. Satys has demonstrated remarkable growth in the past and is now undeniably a key player in the industry and a platform for consolidation of its businesses.”

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