Argos Soditic finalizes acquisition of Revima Group

Argos Soditic, the European lower mid-market private-equity firm, has reported the acquisition of a majority stake in Revima Group, alongside its managers Olivier Legrand and Christian Grzanka, following a period of exclusive negotiations. Revima Group is a leading independent aerospace Maintenance, Repair and Overhaul (MRO) service provider, primarily focused on Auxiliary Power Unit (APU) & Landing Gear products. The group is a provider in the aerospace commercial and military fields, and offers comprehensive service solutions (logistics, onsite support, by the hour solutions …). It operates essentially from its historic plant located in Rives-en-Seine, Normandy, France, and has commercial and customer support offices in Asia, the USA, and the Middle-East. It employs over 600 employees and generated revenues in excess of €200m in 2016.
The management team is led by Olivier Legrand, appointed President of the Group, and by Christian Grzanka, appointed President of the Supervisory Board alongside Argos Soditic board members. Following this transaction which provides new capital, the Group’s objective is to pursue its growth strategy in the expanding aerospace market, notably in high-growth areas by increasing its maintenance and repair capabilities. In addition, an improved quality of service, a reinforced ability to anticipate customers’ expectations and the development of partnerships to adapt to evolving market conditions are also objectives in the business plan.