Nexteam and Ventana are both based in southwestern France. (Getty Images)
French aircraft parts manufacturers Nexteam Group and Ventana Group have agreed to join forces, creating a combined company with 2,400 employees, according to a joint announcement.
The merged entity will have 22 production sites, and a presence in seven countries in addition to France: Austria, Morocco, Poland, Portugal, Romania, Sweden, and Tunisia. It will serve business, commercial, and military airplanes; civil and military helicopters; satellites; space launch vehicles, and “the main defence programmes”, the 6 October announcement says.
Nexteam and Ventana are based in the towns of Marmande and Narcastet, respectively, both of which are in southwestern France. Nexteam was founded in 2015 through the merger of several family-owned companies. Ventana was created in 2003, and has made acquisitions to help it grow.
Nexteam's investors include French private equity firm Ace Capital Partners, while Ventana's owners include Austrian private investment company Montana Holding. The merger announcement does not indicate who will own the combined entity or when the transaction is expected to close.