Explore our collection of PDF documents and enrich your knowledge now!
back
August Debouzy has advised Scalian on the acquisition of Mannarino Systems & Software Inc.
Communiqué M&A | 26/06/24 | 2 min. | Rodrigue Tchouale Sophie Faulcon
Scalian, a specialist in engineering and digital transformation, has completed the acquisition of Canadian company Mannarino Systems & Software Inc. (MANNARINO), a recognized leader in advanced R&D technology engineering. This transaction marks a key step in Scalian's external growth strategy, supported by Wendel (Euronext: MF.FP) since its acquisition in 2023.
The acquisition is being funded through a mix of drawdown on Scalian’s existing committed credit facilities and shareholders’ equity contribution.
In addition, the transaction has required particular attention to cross-border legal aspects.
Founded in 1989, Scalian is a major player in the fields of engineering, digital technology and industrial project management and a specialist in embedded systems and information system applications. With more than 5,500 employees in eleven countries, Scalian is involved in a wide range of optimization and digital transformation projects. The Group generated sales of €550 million in 2023 and plans to reach €1.5 billion in revenues by 2028.
With expected FY 2024 revenue of approximately $CAD 32 million and approximately 150 employees, the relutive acquisition of MANNARINO will enable Scalian to strengthen its expertise in electric Vertical Take-Off and Landing (e-VTOL) technologies and reinforce Scalian’s presence in North America while realizing synergies in Europe.
Scalian was advised in this transaction by August Debouzy, with a team composed of Rodrigue Tchouale (Counsel) and Sophie Faulcon (associate) for all transactional legal aspects, in collaboration with the Canadian firm Fasken Martineau DuMoulin LLP.
The sellers were assisted by Bredin Prat, with a team led by Christine Lenis (Partner) in collaboration with the Canadian firm Davies Ward Philips & Vineberg LLP.