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]