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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Airbus, Safran, Tikehau Ace Capital to acquire Aubert&Duval
View:
Post by BCONTVentures on Feb 22, 2022 9:34pm

Airbus, Safran, Tikehau Ace Capital to acquire Aubert&Duval

Big news regarding Aubert and Duval (PyroGenesis Additive):

Airbus, Safran and Tikehau Ace Capital to acquire Aubert & Duval

https://www.metal-am.com/airbus-safran-and-tikehau-ace-capital-to-acquire-aubert-duval/

Airbus, Safran and Tikehau Ace Capital to acquire Aubert & Duval

February 22, 2022

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Airbus, Safran and Tikehau Ace Capital are to jointly acquire Aubert & Duval, a leading supplier of metal powders for Additive Manufacturing (Courtesy Safran Group/M Labelle)

Airbus, Safran and Tikehau Ace Capital have signed a Memorandum of Understanding with the mining and metallurgical company Eramet Group, headquartered in Paris, France, for the acquisition of its subsidiary Aubert & Duval. The three partners intend to acquire 100% of Aubert & Duval through a new joint holding company that would be established specifically for this transaction in which they would have equal ownership rights.

Aubert & Duval is a leading supplier of metal powders for Additive Manufacturing and other powder-based part production technologies, serving demanding markets such as aerospace, energy, medical, defence and automotive. Its Pearl Micro metal powders are tailored for Additive Manufacturing technologies and are used in Laser and Electron Beam Powder Bed Fusion (PBF-LB, PBF-EB), as well as Directed Energy Deposition (DED) and metal Binder Jetting (BJT). The company has annual revenues of approximately €500 million and a workforce of around 3,600, mostly based in France.

This acquisition is expected to enable Airbus and Safran to secure the strategic supply chain (for themselves as well as customers) and new material development for current and future civil and military aircraft and engine programmes. It is also consistent with the initiatives taken in the last few years to support the French aerospace industry’s supply chain, and in particular the creation, with the help of the French State, of the Ace Aro Partenaires fund managed by Tikehau Ace Capital.

“Aubert & Duval is a historical supplier of Safran with unique technical expertise in Europe,” stated Olivier Andris, Safran’s CEO. “The planned acquisition will ensure national sovereignty for our most strategic programmes for disruptive civil and military aircraft engines. Given its industrial expertise in metallurgy, Safran will lead the operational management of the company. The transformation programme will reinforce customer confidence and create a national champion with a strong French industrial base capable of serving global markets.”

The proposed transaction is subject to consultation with relevant employee representative bodies and all necessary regulatory approvals. The closing is expected in the fourth quarter of 2022. In the context of this operation, a specific share was reportedly set up by the French State within Eramet with the scope of certain strategic assets held by Aubert & Duval. This specific share will be replaced by a similar one within Aubert & Duval, upon completion of the transaction.

Guillaume Faury, CEO Airbus, commented, “Aubert & Duval, with its critical knowledge and expertise dating back more than a century, is a strategic supplier to Airbus and the entire aerospace and defence industry. Our sector, which has started to emerge from the COVID crisis, needs a solid partner to ramp up production while preparing next-generation technologies in aerospace. With this acquisition and an ambitious transformation plan, we aim to restore the operational excellence and market confidence in Aubert & Duval to create, in the mid- to long-term, a leading European player able to face global competition as well as to reduce geopolitical risk of supply.”

Marwan Lahoud, Executive Chairman of Tikehau Ace Capital, added, “This joint acquisition sends a strong and very encouraging message about the acceleration of the restructuring, the transformation and the consolidation of the supply chain in the aerospace industry. Together with Airbus and Safran, by bringing the capital and top industrial expertise needed to leverage the strategic excellence of Aubert & Duval, we are proud to contribute to support the recovery of the sector at the most critical time, when aeronautical companies have to invest again to accompany the revival of activity and project themselves into the future.”

www.safrangroup.com

www.airbus.com

https://tikehau-ace.capital

www.aubertduval.com

https://www.eramet.com

Long and Strong in PyroGenesis!
Comment by BIGMOE on Feb 22, 2022 10:03pm
Final confirmation that Airbus and Boeing both will be signing long term contract with Pyro on Addative Metal Powder.
Comment by BCONTVentures on Feb 22, 2022 10:15pm
Also keep in mind that PyroGenesis is producing AM powders (through PYR’s NexGen Plasma Atomization System) and are having these powders qualified by their clients (these clients are paying for these qualifications).  Scroll down in this post for the Boeing powder qualification. BCONTVentures wrote:Some interesting developments regarding PyroGenesis Additive and 3D powders (posts from ...more  
Comment by Zaphod on Feb 22, 2022 10:39pm
Sorry to rain on your endless pumping.... Airbus already gets  titanium powder from another company. This would explain why PYR hasn't put out a press release https://www.metal-am.com/tekna-to-supply-airbus-with-titanium-powder-for-am/ of course you can now proceed to accuse me of lying ..... I presume L1011fan was one of your previous pumper names. Oh sorry go pyr. woohoo...
Comment by BCONTVentures on Feb 22, 2022 11:03pm
Re-read the press release that you listed there Zaphod.  Regarding Airbus and Tekna: They have an agreement in place to be ONE of their suppliers.  NOT to be Airbus' one and only supplier. Remember with PyroGenesis' NexGen Plasma Atomization System it produces powders quicker and more economical than other suppliers.  PyroGenesis has numerous advantages over Tekna (and ...more  
Comment by developbc on Feb 22, 2022 10:11pm
Posting post by @helloween Interesting indeed since Pyro have an exclusive agreement with Aubert & Duval for the titanium powder dating from January 2019. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.pyrogenesis.com/wp-content/uploads/2019/03/PyroGenesis-Signs-Mutually-Exclusive-Partnership-Agreement-with-Aubert-and-Duval-to-Supply-Plasma-Atomized-Titanium ...more  
Comment by Zaphod on Feb 22, 2022 10:14pm
And how does this increase the sales of the pyr titanium powder? The contracts are almost three years old and this has nothing to do with PYR.  You're grasping if you think this is suddenly gonna change the level of consumption.  oh sorry Oh my God this is incredible Oh my God. woohoo  .
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