SPRING Technologies raises €5 M
Transcription
SPRING Technologies raises €5 M
Press release Paris, October 24 2014 SPRING Technologies raises €5 M to reinforce its innovative NCSIMUL SOLUTIONS offering and extend its international deployment SPRING Technologies is funding a new stage in its growth with a new round of capital investment from its historic partner CM-CIC Capital Innovation, ACE Management’s Aerofund III, the CM-CIC Capital Privé bank and an Innovation support loan from Bpifrance investment bank. The €5 M injection will enable CEO Gilles Battier to pursue the company’s development policy on the international market and speed up product innovation by investing in R&D. SPRING Technologies is a software vendor whose products enable NC machine-tool users in all areas of industry to reduce manufacturing costs, optimize machine fleet operation and make their production processes for high-precision, high added-value products more robust. The NCSIMUL SOLUTIONS software range from SPRING Technologies delivers comprehensive, integrated control of manufacturing processes that include machining metals and composite layup, with optimized cutting conditions, CAM program post-processing, 3D machine simulation, technical content publishing and machine status tracking in the workshop. The company generated consolidated turnover of €10 M in 2013 from sales of software and related services that are now a vital area in the aeronautics, defense, shipbuilding, automotive and energy sectors. It employs around one hundred engineers in France (Montreuil and Toulouse) and in three offices abroad. SPRING Technologies is recognized as an Innovative French SME, spearheading highly successful collaborative research projects in the Systematic and Astech competitiveness clusters. It has been selected by Airbus, Safran, Zodiac and Dassault Aviation as associate member of the “Aeronautic Factory of the Future” initiative led by France’s civil aeronautics research council (CORAC). To speed up its development, SPRING Technologies, which already has offices in Germany (Frankfurt), China (Shanghai) and the USA (Boston), has taken the twofold initiative of deploying internationally and investing in innovation, in close collaboration with its major accounts. The company is also well positioned to examine acquisition opportunities in other European countries. “I am delighted to be continuing our adventure with our historic partner CM-CIC Capital Innovation, and to be welcoming ACE Management into our capital structure. Both are familiar with the market cycles in which we operate and understand the demands of our customers, especially in aeronautics. With their financial capacity and excellent knowledge of the industrial environment, they can help us to develop ambitious long-term projects, and to make an even bigger contribution to the improvement of our customers’ industrial processes, by deploying innovative digital technologies”, adds Gilles Battier. Pour plus d'informations : www.springplm.com About CM-CIC Capital Innovation CM-CIC Capital Innovation is a subsidiary of CM-CIC Capital Finance, specialized in venture capital investment. Its goal is to invest in businesses that develop promising technologies as from the upstream stages. CM-CIC Capital Innovation selects companies with strong growth potential in dynamic sectors such as information technology¸ telecommunications, electronics, life sciences, new materials and the environment. Its policy is to provide long-term equity support for innovative startups to smooth their path to success. The level of investment is adapted on a case-by-case basis, ranging generally from €0.5 to 5M – these funds are injected in instalments to address ongoing development needs. For more information: www.cmcic-capitalfinance.com About CM-CIC Capital Privé CM-CIC Capital Privé is a subsidiary of CM-CIC Capital Finance (CM-CIC Group), specialized in trades venture capital, capital development and transmission, by investing in SMEs with growth potential, having demonstrated the relevance of their positioning. The company puts its expertise at the service of the leaders supporting medium-term projects and assists in the development of their organization. CM-CIC Capital Privé manages € 376M through his FIP (Proximity Investment Funds) and innovation-focused mutual funds. For more information : www.cmciccapitalprive.fr About ACE Management: ACE Management is a private equity firm which for 20 years has focused on technology companies predominantly in the Aerospace, Maritime, Defense and Security sectors. ACE Management manages 7 different funds representing about €450M of capital, including Aerofund (I, II and III), Financière de Brienne, Sécurité and Atalaya. The limited partners of these funds are European industrial groups (Airbus, Safran, Airbus Group, Airbus Helicopters, Thales, DNCS, CEA, Louis Dreyfus Armateurs, Areva), institutional investors (Bpifrance, Fonds de Solidarité des Travailleurs du Québec (FTQ), GICAN - Groupement des Industries de Construction et Activités Navales, Société Générale, Crédit Agricole, CIC, AXA, Crédit Coopératif) and 4 regions of France (Midi-Pyrénées, Aquitaine, Pays de la Loire and Centre). For further information: www.acemanagement.fr Investisseurs SPRING Technologies CM-CIC Capital Innovation Emilie Lidome Head of Investments [email protected] Gilles Battier CEO, SPRING Technologies [email protected] ACE Management Delphine Dinard, Pierre Morisseau Investment Directors [email protected] [email protected] Tél : 01 58 562 562 Olivier Bellaton General Manager, SPRING Technologies [email protected] Deal team: Deal team: ACE Management legal advice: Joffe & Associés – Christophe Joffe, Camille Malbezin CM-CIC / SPRING Technologies legal advice: Dahan Avocats – Carole Dahan Financial due diligence: Exelmans – Eric Guedj, Manuel Manas CM-CIC Capital Innovation press contact: Résonance Médiatique - Véronique Richez-Lerouge - (0)6 14 63 90 00 - (0)1 42 76 96 82 [email protected] SPRING Technologies press contact : Symphony Communication - Françoise Fouquet - (0)6 08 25 27 74 - (0)1 30 64 14 20 [email protected]