Movember 2023

Satys sites rallied round to support the #movember movement as part of a photo competition organized internally by our Sports & Solidarity committee to raise awareness of male cancers among our teams 💙💁‍♂️

Our employees showed great originality 🎨 and a good dose of humor 😁 to concoct the funniest photo, in blue and mustache....

Thank you all for your mobilization and support for #Liguecontrelecancer31

Blood donation at the Toulouse donation center

Satys employees joined forces with the EFS at the Maison du don de Toulouse to donate blood on Tuesday November 7.

Thank you to all donors for their involvement, thanks to them 42 lives have been saved. 🙏
Every drop counts🩸
Join the team that saves lives💪

Pink October 2023

Well done to SATYS employees who participated at the #pinkoctober race in Toulouse October 1st👟 🏃🏽♀️🏃🏃🏼♀️ 💪.

Well done also to the team of employees who braved the rain on Saturday October 21 for a 7km run as part of the pink ribbon challenge in Bordeaux in the fight against breast cancer 🎗️🏃🏽‍♀️🏃 💪

More than 11,000 people turned out for this race in Toulouse.
THANK YOU to everyone for supporting the fight against breast cancer!🎗️ 🎗️ 🙋♀️
THANK YOU for your friendly spirit, we've had our fill of positive energy!!!!

Opening of our new paint shop in Blagnac

We were very proud to celebrate yesterday the official inauguration of our 6th paint shop in Blagnac in the presence of Carole Delga, President of the Region Occitanie, Nathalie Tarnaud Laude, Executive President of ATR, as well as our customers and partners.👏 ✈
We would like to warmly thank Carole Delga for her unfailing support [to the entire aero supply chain] since the beginning of her mandate.
We also sincerely thank Nathalie Tarnaud Laude and the ATR teams for their renewed trust and support.
And many thanks to all our customers, including Airbus, but also all our committed partners and institutional players who have all actively contributed to our success for over 30 years.

Satys Aerospace signed a partnership to reduce energy consumption

Satys Aerospace signed a partnership to reduce energy consumption.

Satys Aerospace signed yesterday an exclusive partnership with AREC Occitanie at the EnerGaïa exhibition in Montpellier in the presence of Carole Delga (president of the Occitanie region).👏✍️🤝

Our ambitious goal is to reduce the energy consumption⚡️ of our industrial facilities by 20% by 2025.


Satys Aerospace is now on Instagram !

Feel free to follow, like 👍 and share our posts 📱.

See you soon on Instagram!

Satys Aeropace acquires SPI Group

Satys Aeropace acquires SPI Group.

Satys, based in Toulouse, announced the acquisition of the Group SPI (Société de Peinture Industrielle) based in Malville near Saint-Nazaire (France), to strengthen its market position in the aircraft painting, sealing and surface treatment. A new European leader in surface protection for both sub-assembly and aeronautic parts will emerge from the regrouping of the companies.

With over 40 years of experience in this business, SPI is very active in the aeronautics industry and has many long-standing partners such as Airbus, Airbus Atlantic, Thalès, Safran, Dassault and Daher. It had a turnover of 40 million euros in 2019 vs 25 million euros in 2021(due to the crisis). It employs 500 people at 13 industrial sites in France as well as in Portugal and Morocco. SPI is also present in the space, rail and naval markets. This acquisition will significantly increase the size of Satys Aerospace: the group will have a turnover of 165 million for a full year post-Covid and will have more than 2200 employees in the world with 1300 in France. Satys will thus increase its number of sites from 32 to 45 in 13 countries.

“The integration of SPI within Satys sets the path for a new European leader”

Our activities are complementary, in both know-how and geographically,” points out Christophe Cador, founder and CEO of the Satys Group. “Like those in Satys, the SPI teams are highly qualified, and its management will maintain its role within Satys ensuring our shared objectives, notably on time delivery, capacity to innovate and reduction of the environmental footprint of our industrial activities. This regrouping of know-how and references, in France and internationally, is also part of a dynamic process of consolidating the industry. In the context of the current economic recovery and the perspective of strong growth of the industry, the integration of SPI within Satys sets the path for a European leader in surface protection aircraft components.” ».The CEO of Satys had already confirmed his ambition to grow in September 2021 when he announced the cash injection undertaken with Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, Bpifrance, l’IRDI Capital Investissement and a group of regional investors led by Crédit Agricole Régions Investissement (CARVEST).

The CEO of Satys had already confirmed his ambition to grow in September 2021 when he announced the cash injection undertaken with Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, Bpifrance, l’IRDI Capital Investissement and a group of regional investors led by Crédit Agricole Régions Investissement (CARVEST).

“Strong ability to handling increasingly complex and global projects”

The synergies between Satys and SPI are obvious,” emphasizes Gregory Mayeur, Satys Aerospace General Manger. “For our customers, this means consistency of the operational performance and strong ability to commit to handling increasingly complex and global projects as well as more innovation and competitiveness.”».

For the managers at Satys and SPI, the synergies between the two companies are the guarantee of increased operational excellence and access to new markets in Europe.“We are proud to work together with teams that have a recognized know-how and the same values. We strongly believe that their complementarity will allow Satys Aerospace to reach its objectives in terms of development,”say SPI President Patrick Monfort and General Manager Frédéric Plouvier. The managers of SPI will play a direct role in supporting this integration by heading up the new BU in a joint Management Committee of both Satys and SPI. Thus, demonstrating the trust already established between the two companies and a strong mutual commitment to the future.

For this acquisition, Satys Aerospace was advised by Ernst & Young for financial and HR due diligence and by Bignon-Lebray law office for legal matters. The SPI Group worked with the Oratio law firm and the Baker Tilly STREGO consulting firm for all social and financial aspects.

The acquisition of SPI by Satys Aerospace will take effect on February 1st, 2022. .

Satys announces the Group’s reorganization and a capital increase

Blagnac and Paris September 30th, 2021 “This operation will strengthen the group’s structure and prepare for both future growth and its role as an actor in the consolidation of the aeronautics industry in France, Europe and the United States,” says Christophe Cador, Satys founder when explaining the new development phase that the French industrial group, based in Blagnac, France, has engaged in. Satys will be reorganized into two separate entities, Satys Aerospace and Satys Interiors and fresh equity will be injected in Satys Aerospace to the tune of 40 million euros. The latter was underwritten by the current shareholders in Satys: Ace Capital Partners (subsidiary of Tikehau Capital), Crédit Mutuel Equity, BPI France, IRDI Capital Investment, Satys Industries owned by Christophe Cador and a pool of regional and national investors from Crédit Agricole led by Crédit Agricole Régions Investissement (CARVEST). The management team headed by Christophe Cador will retain the majority of voting rights. Ace Capital Partners will reinforce its position with a subscription of 30 million euro, becoming the second largest shareholder of Satys Aerospace. This operation will take effect on September 30th, 2021, led by Christophe Cador (CEO), Grégory Mayeur (Satys Aerospace Managing Director), Pierre Yves Fargeas (Satys Aerospace CFO) and Olivier de Froissard (Satys Interiors Managing Director).

250 million euros in revenue by 2025

Similarly to all the players in the aeronautics industry, Satys was hard hit by the Covid- 19 crisis in 2020 and 2021. The group is now looking forward to a gradual return to growth for all its activities. “The most difficult is behind us now”, confirms Pierre-Yves Fargeas. “The equity injection will allow us to consolidate our financial situation, pursue our organic and external growth plans in France and in Europe and our very ambitious industrial CAPEX program, mainly in France. We are heading into the 2022-2026 period committed to meeting our economic, industrial and business challenges. Our undeniable strength comes from our group’s team spirit and method of governance with our investors. The regional banks have provided their unwavering support as well as their confidence in the aero industry. We can continue to count on them.” “We believe in the future of the civil and military aeronautic industry and helicopters and their capacity to bounce back and grow”, explains Grégory Mayeur who predicts by 2025 a revenue of 250 million euros compared to 110 in 2021 and 155 in 2019. “A target that can be met based on several drivers”, says Satys Aerospace Managing Director: “external growth, maintenance and repair (MRO) business recovery especially in the United States, an upturn in production rates as announced by the manufacturers, such as the A320 family (+50% in 2024 compared to 2021) and the ramp-up of the surface treatment activities. The recovery is starting to take shape”, rejoices Grégory Mayeur: “the group’s revenue for the fourth quarter in 2021 will increase by 39% compared to the same quarter in 2020 (+30% on a like for like basis), even if it is still 20% below compared to the same period in 2019.”

Two hundred employees to be hired in 2022

“We are proud that our current financial shareholders continue to show their trust in us, thereby demonstrating their optimism in our industry and in Satys Aerospace. A special mention for Ace Capital Partners: Ace Capital Partners, subsidiary of Tikehau Capital contribution to the capital increase validates our strategy as it brings together the French aeronautic industry support funds and the prestigious investors Airbus, Dassault Aviation, Safran, Thales, Tikehau Capital, the French National Investment agency, BPI France and Crédit Agricole. This operation both honors and obliges us”, insists the group’s founder, “to innovate constantly, deliver on time and on quality, to be competitive and to continue to reduce our carbon footprint for all our activities by investing in new technology”. Christophe Cador also acknowledges the commitment shown by the teams present in 10 different countries, who despite the unprecedented crisis have worked relentlessly over the last 18 months, with the main objective of delivering customer satisfaction. He would also like to thank all the customers as well who maintained their trust during these trying times. “We are enthusiastically embarking on a new phase in the life of the group. It will provide growth, employment – almost two hundred new hires in 2022 - as well as challenge us to onboard new teams”. Marwan Lahoud, President of Ace Capital Partners, subsidiary of Tikehau Capital says: “By underwriting this capital increase and by becoming the second largest shareholder after Christophe Cador founder of Satys Aerospace, we reaffirm our confidence in Satys and its management team. Satys has demonstrated remarkable growth in the past and is now undeniably a key player in the industry and a platform for consolidation of its businesses.”