After the covid crisis that affected the entire aerospace industry in 2020 and 2021, including our Group, the ramp-up of civil and military programs, the growing needs of airlines and the development of maintenance activities, as well as the integration of an acquisition made in 2022, enabled sales in 2023 to reach a record €190 million, thanks in particular to the very strong commitment of our teams.
Growth is set to continue, and we plan to hire 500 people worldwide between 2024 and 2026.
We are currently working on several projects. “We face a number of challenges,” confirms Grégory Mayeur, the group’s General Manager. “First of all, we have to meet the production requirements arising from the ramp-up of Airbus and Dassault Aviation, whose order books are full for a decade. Never before has the civil and defence aerospace industry experienced such sustained growth. It's up to us to meet the demands of these leaders in terms of operational performance and on-time delivery.”
North America, the Middle East and Asia are also in the sights of Satys Aerospace, which is already present in 13 countries.
Satys has invested heavily in France, and will continue to do so, with the opening of a long-haul aircraft paint shop in Châteauroux in 2025, following the commissioning in 2023 of an innovative paint shop for ATRs and new production lines (Paint and Surface Treatment) for aircraft components.
Our Group also aims to continue diversifying its portfolio. It is working to develop its operating capacity in the United States. “This market, the most dynamic in the world, is a very promising growth driver for Satys,” says Grégory Mayeur. “Our recognised expertise in aircraft painting will help us to capture significant market share in North America primarily with our existing customers AIRBUS and DASSAULT AVIATION, as well as other companies. We plan on opening three new facilities in North America within the next eighteen months,” adds Grégory Mayeur.
At the same time, Satys is also expanding in the Middle East and Asia, with the opening of three new paint shops. “We're proud of the work done by our teams, who provide high-quality industrial services all over the world, both for new aircraft and for those needing to be repainted at the request of airlines,” says the General Director.
Anaphoresis, a major innovation in surface treatment
In addition to these growth ambitions is the challenge of decarbonisation, which Christophe Cador has made a priority for Satys Aerospace. As part of a partnership signed in 2022 with the Occitanie Region, the Group has committed to significantly reducing its CO2 emissions. An increased offer of painting slots without a flight ferry in Toulouse or limited (Châteauroux) also has a positive impact on the environmental footprint of the group's activities. Futhermore, after implementing an energy-saving measure, the company will be implementing an energy transition plan to recover waste heat from its facilities. Keen to be one step ahead of market expectations, the Satys management team wants to set an example in terms of decarbonizing upstream supply chains.
It was this ambition that led uss to turn to Anaphoresis for surface treatment, the group's other core business. A first in Europe. After several years of studies and trials, all conclusive, the decision was taken to equip the Dugny site, near Paris, with a production line using this innovative technology. This was a real turning point for a business which, until now, had used treatments based on chromates, heavy metals and pollutants. From now on, Anaphoresis can be used to treat aeronautical parts against corrosion, particularly critical ones, in a single application, instead of three for conventional chromium VI treatments. Compared with the latter, Anaphoresis will enable the Dugny site to reduce its V.O.C. (volatile organic compound) emissions by 95%, cut treatment cycles by around 50%, reduce costs by 20-30%, and guarantee optimum quality. In the near future, all our surface treatment sites could be using this technology.
Satys sites rallied round to support the #movember movement as part of a photo competition organized internally by our Sports & Solidarity committee to raise awareness of male cancers among our teams 💙💁♂️
Our employees showed great originality 🎨 and a good dose of humor 😁 to concoct the funniest photo, in blue and mustache....
Thank you all for your mobilization and support for #Liguecontrelecancer31
Satys employees joined forces with the EFS at the Maison du don de Toulouse to donate blood on Tuesday November 7.
Thank you to all donors for their involvement, thanks to them 42 lives have been saved. 🙏
Every drop counts🩸
Join the team that saves lives💪
Well done to SATYS employees who participated at the #pinkoctober race in Toulouse October 1st👟 🏃🏽♀️🏃🏃🏼♀️ 💪.
Well done also to the team of employees who braved the rain on Saturday October 21 for a 7km run as part of the pink ribbon challenge in Bordeaux in the fight against breast cancer 🎗️🏃🏽♀️🏃 💪
More than 11,000 people turned out for this race in Toulouse.
THANK YOU to everyone for supporting the fight against breast cancer!🎗️ 🎗️ 🙋♀️
THANK YOU for your friendly spirit, we've had our fill of positive energy!!!!
We were very proud to celebrate yesterday the official inauguration of our 6th paint shop in Blagnac in the presence of Carole Delga, President of the Region Occitanie, Nathalie Tarnaud Laude, Executive President of ATR, as well as our customers and partners.👏 ✈
We would like to warmly thank Carole Delga for her unfailing support [to the entire aero supply chain] since the beginning of her mandate.
We also sincerely thank Nathalie Tarnaud Laude and the ATR teams for their renewed trust and support.
And many thanks to all our customers, including Airbus, but also all our committed partners and institutional players who have all actively contributed to our success for over 30 years.
Satys Aerospace signed a partnership to reduce energy consumption.
Satys Aerospace signed yesterday an exclusive partnership with AREC Occitanie at the EnerGaïa exhibition in Montpellier in the presence of Carole Delga (president of the Occitanie region).👏✍️🤝
Our ambitious goal is to reduce the energy consumption⚡️ of our industrial facilities by 20% by 2025.
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. .