A Joint-Venture dedicated to the aerospace industry

Nanterre, Munich – The German engineering firm IndustrieHansa and SEGULA Technologies, French engineering and consultancy group, today announce the set up of a joint venture. Named SEGULA IndustrieHansa, this joint-venture aims to address the worldwide aerospace market through subsidiaries based in France, Germany, Spain and Russia.

Dedicated to the engineering businesses, SEGULA IndustrieHansa will develop its business expertise in terms of structure, design, calculation, optimization, installation of mechanical and electric systems and support services such as quality and concessions management.

From January 2011, this joint-venture will be able to answer in a transnational way the bids of the main European clients that are EADS, Airbus, Eurocopter, Astrium, Safran, Diehl Aircabin, Premium Aerotec, in addition to the local markets.

The newly founded company plans to double its workforce rapidly through organic growth and acquisitions; and to expand its presence in England, North America, Latin America and Asia.

SEGULA IndustrieHansa, whose headquarter will be based in Munich, will be managed by two Managing Directors: Andreas Dallmann and Michel Renard.

The joint-venture will benefit from SEGULA Technologies’ offshore base in Romania and Tunisia; and from IndustrieHansa experience in partnerships with Indian companies. SEGULA IndustrieHansa will have engineering consulting offices in Paris, Toulouse, Bordeaux, Marseille, Munich, Hamburg, Augsburg, Laupheim, Bremen, Madrid, Vitoria, Seville and Moscow.

Both SEGULA Technologies and IndustrieHansa bring to the new company their entire aerospace activities.

“The combined strengths of both companies will enable the joint-venture to develop transnational business to the highest technological level and competitive manner. This is a first step in the integration of the global worldwide aerospace engineering. Others steps will follow to meet the requirements of our customers who rely on us” said Jean-Francois Tarabbia, CEO of SEGULA Technologies, and Uwe Hihn, CEO of IndustrieHansa.