AXXON

Carbon mast engineer

Carbon mast engineer

Description

The Wichard Group, which specializes in the design, manufacture, and distribution of products for the nautical and industrial markets, is proud to announce the successful acquisition of AXXON COMPOSITES, the world leader in the manufacture of carbon masts and booms, equipping more than 300 sailboats per year throughout Europe. AXXON is renowned for its innovative technologies and the quality of its masts. AXXON manages the entire process for each mast and boom: design/engineering, production, and delivery throughout Europe, which represents a logistical challenge for large units. In 10 years, Axxon has become the undisputed industry leader in masts and booms for the recreational boating market and has also entered the merchant marine market, developing sail-based solutions.

"We are delighted to welcome Axxon to the Wichard Group. This acquisition enables us to offer customers who so wish a wide range of carbon masts. We are able to equip cruising, racing, and merchant marine vessels ranging in size from 35' to over 150'. By the end of 2023, we will have finalized the creation of a consistent, high-quality industrial offering that will enable us to position ourselves strongly in the field of deck equipment for sailing boats, but also in the industrial world, wherever safety and performance are required," comments Jean-Claude IBOS, President of the Wichard Group.

Philippe BOCLET, founder and CEO of AXXON: "In 10 years, Axxon has become the undisputed industry leader thanks to the excellent quality/price ratio of our masts and their racing record, and above all thanks to the know-how and technological expertise combined with the skill and enthusiasm of its people, who are the company's greatest asset. We are delighted to be joining the WICHARD Group, a group that places innovation at the heart of its strategy: we are convinced of the very strong industrial and commercial synergies that will enable us to further accelerate the development of AXXON worldwide."

Advisors to the seller: TWINL Banque d'Affaires (Laurent LOUBARESSE, Frank LOUBARESSE)
Legal advisor to the seller: THEIMER Avocats (Alain THEIMER, Géraldine COMPAIN) https://ta-avocats.fr/
Financial investors: AZULIS CAPITAL (azuliscapital.fr), SOCIÉTÉ GÉNÉRALE CAPITAL PARTENAIRES
Due diligence for the buyer: KPMG
Legal advisor to the buyer: LAMARTINE Conseil (Cédric Sapède, partner, and Salomé Bassouls, lawyer) https://lamartineconseil.com
Legal advisor to the investors: CHAMMAS & MARCHETEAU (Pierre-Louis Sévegrand, partner) https://www.lcdm.law