EURAZEO SIGNS AN EXCLUSIVE AGREEMENT WITH THE FCDE IN ORDER TO ACQUIRE UTAC CERAM
UTAC CERAM, the FCDE and Eurazeo, via its subsidiary Eurazeo PME, have just announced the signing of an exclusive agreement under which Eurazeo PME would thus hold the majority of the capital, alongside the current shareholders (FCDE, CCFA, executives and senior executives of the group). The common ambition of Eurazeo PME and the management team gathered around Laurent Benoit is to accelerate the growth of the company in Europe and worldwide.
Eurazeo will contribute its financial resources and all its expertise (international network, external growth, integration of innovative acquisitions, digitalisation, CSR, etc.) to support the management team in accelerating the company’s transformation plan, which began with the FCDE majority acquisition in 2018. Thus, the UTAC CERAM Group will be able to continue its development both in France and abroad and acquire new means, in order to meet the major current and future challenges of the mobility sector. The global automotive industry is undergoing profound technological and societal changes and needs innovative, creative and solid actors to accompany the transformations of manufacturers and equipment manufacturers. The Group’s future development will be based in particular on the pursuit of a sustained innovation strategy and the consolidation of markets in Europe and the world, capitalising in particular on the strength of the brand, as well as on the expertise and know-how make Group teams recognized. More specifically, the entry of Eurazeo PME will allow UTAC CERAM to acquire market shares in Europe in its approval market and technical tests but also to integrate new digital skills (cybersecurity, numerical simulation, connectivity, data management, benchmarking)