The Commercial Court of Villefranche-sur-Saône preferred the takeover offer presented by the industrial consortium formed by the French Klubb Group, a European leader in vehicle-mounted aerial platforms, and the Japanese industrial bodybuilder Yano, to the Breton group Armoric Holding.
The new entity will be called Titan Aero Group.
This is fantastic news for all 180 employees, both in France and overseas, as well as for the civilian and military customers. The new shareholders are dedicated to safeguarding all the current activities of the group, ensuring that the new entity solidifies its position as a leader in the international niche market for civilian and military refueling equipment.
The company will maintain its presence in France with its two factories, including its headquarters in Arnas and its secondary offices in Aix-en-Provence. It will also affirm its international development, notably through its factory in India. The shareholders have entrusted the presidency of the new entity to Laurent Pourprix, who initiated their collaboration and worked towards the success of the operation. Numerous synergies have been identified, both operationally and in terms of international development. Innovation will not be overlooked, as decarbonization issues are significant for the consortium’s partners: they plan to collaborate on common electric solutions.
For Julien Bourrellis, the founding president of Klubb Group, who will hold 60 percent of the company’s stake, the objective is crystal clear: to make Titan Aero Group the unquestioned leader in low-carbon refueling in Europe. Simultaneously, the aim is to bolster its presence in significant international markets and solidify its status as a preferred partner for European armed forces. He will have the valuable backing and expertise of the Yano Family Group, an established player in the supply equipment market in Southeast Asia.
