Airbus, Safran and Tikehau Ace Capital sign a Memorandum of Understanding with Eramet for the joint acquisition of Aubert & Duval

Airbus, Safran and Tikehau Ace Capital signed a non-binding Memorandum of Understanding with the Eramet for the joint acquisition of its subsidiary Aubert & Duval.

The three partners plan to acquire 100% of Aubert & Duval in equal shares, through a joint venture created for this deal.

This operation would provide Aubert & Duval the necessary support for its development being backed by major players of the aeronautic industry.

The finalization of the deal, which should take place before the end of 2022, is subject to the endorsement of the staff representative bodies and to regulatory approval.

Aubert & Duval and its teams remain fully focused on turning the company around, with three priorities (workplace safety, product quality, and operational performance), in order to serve its customers and partners.

Jérôme Fabre, Deputy CEO of the Eramet in charge of the High Performance Alloys Division and Chairman of Aubert & Duval, said: “This is an important milestone that clarifies the company’s strategic future. If the project goes through it will bring new shareholders into Aubert & Duval that are familiar with our business and understand the strategic value of our workforce and assets. It is good news for the company, our employees, and all our partners to whom we remain fully committed.