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The acquisition of elvia PCB group finalized.

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Paris and Coutances March 31st 2022: Tikehau Ace Capital, a private equity firm specialised in strategic industries and technologies finalized the acquisition of 100% of the capital of ELVIA PCB, a specialized manufacturer of  electronic printed circuits boards (PCB) for demanding markets.

This new chapter for ELVIA PCB will focus on the ongoing operational improvement in order to better support its customers in the rampup of the strategic programs that the group is accompanying in the long term. Moreover,  ELVIA PCB, thanks to its expertise and size, constitutes a natural consolidation platform within its sector and intends to contribute to the emergence of a European reference player.

Alain Dietsch, appointed CEO, joined ELVIA PCB as part of this operation after more than twenty years of experience in the electronics and defense sector. Bruno Cassin, who has successfully managed the group for almost thirty years, will leave his operational functions to join the Supervisory Board of ELVIA PCB chaired by Stéphane Mayer, in order to support this transition and to bring his significant experience of the PCB market.

“I am very pleased to take over the management of ELVIA PCB from Bruno Cassin, who brought the company to a leading position. ELVIA PCB’s teams have unique skills, which, coupled with a specialized and highcapacity industrial tool, allow ELVIA PCB to offer its customers specialized and differentiated products operating in tough environments. I bring my experience of multimarket and multisite management in France and abroad with the objective of strengthening the company’s presence with our clients and developing new ones, particularly on the export market, by combining the technical differentiation of products with operational excellence for our customers. “says Alain Dietsch, CEO of ELVIA PCB.

Read the rest of the press release here.

ELVIA PCB GROUP GENDER EQUALITY INDEX 2022

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PUBLICATION OF ELVIA PCB GROUP SCORE FOR 2021

Established in 2018 in accordance with the law for the freedom to choose one’s professional future, the gender equality index is a score that enables companies to assess the level of equality between men and women by 100 points, based on the following criteria:

  • Gender pay gap
  • Individual pay rise gap
  • The number of employees who received a pay rise upon their return from maternity leave
  • Parity among the top 10 earners

 

The minimal score expected is 75/100¹ and the official national averages improve from one year to the next :

 

86/100 in 2021 ;

85/100 in 2020 ;

84/100 in 2019.

Indicated hereinbelow all of ELVIA PCB GROUP subsidiaries’ scores:

elvia Normandy – Coutances75
elvia Brittany – A&P Lithos92
elvia Loire Valley – CIRETECNon-calculable
elvia Fontainbleau – BREENon-calculable

These declining indicators, compared to the good scores of last year, can be explained by the occurrence of marginal events such as retirements. They don’t reflect the efforts made to ensure continuity in our results.

But our motivation has not been affected in any way. We intend to continue the actions we have begun and the implementation of our good practices, not only to regain the level of scores of previous years, but above all to respect the human values that underpin our group.

 

Check out ELVIA PCB GROUP values here.

¹ Pour plus d’informations sur l’index d’égalité professionnelle Femmes Hommes : https://travail-emploi.gouv.fr/droit-du-travail/egalite-professionnelle-discrimination-et-harcelement/indexegapro

FIRE AT OUR ELVIA LOIRE VALLEY – CIRETEC FACILITY

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MONITORING OF THE SITUATION AND LATEST INFORMATION

Reminder of the facts

  • A fire broke out on Sunday 30th January 2022 at our elvia Loire Valley – CIRETEC facility.
  • The fire destroyed the entire production workshop.
  • A psychological unit was set up to support the employees.
  • Expert assessments are underway.

 

The situation is progressing at Saint-Ay

To start again the activity, the arrangement of temporary offices is progressing. The elvia CIRETEC sign is already there to identify them.

These new offices have been fitted out to accommodate several activities. CAD/CAM teams have been working there since 15th February. They will soon be joined by Final Control teams. The objective is to also install Metallographic Cutting, Electrical Testing and Shipping departments.

Information meetings are organised with elvia Loire Valley-CIRETEC teams every two to three weeks.

 

All the group swung into action to face up to the situation

  • The Sales teams ensure regular communication with our customers.
  • There are also constant exchanges with our suppliers to ensure that materials are supplied as quickly as possible.
  • The Methods department manages the transfer of data to the other sites.
  • Concerning the production, our elvia Normandy facility in Coutances and elvia Brittany-A&P Lithos facility in Châteaubourg welcome 12 operators from elvia Loire Valley-CIRETEC site, this week. Other actions to increase the capacities are deployed on the elvia Brittany-A&P Lithos and elvia Normandy (emergency investments, opening of teams…) in order to secure elvia Loire Valley-CIRETEC activities.

FIRE AT OUR ELVIA LOIRE VALLEY – CIRETEC FACILITY.

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MONITORING OF THE SITUATION AND LATEST INFORMATION

 

Reminder of the facts:

  • A fire broke out on Sunday 30th January 2022 in the early afternoon at our elvia Loire Valley – CIRETEC facility.
  • The fire was contained at the end of the afternoon.
  • There were no injuries and no pollution was released.
  • The fire destroyed the entire production workshop.
  • The site is not subject to a Seveso classification.
  • A preliminary investigation has been opened by the Orléans public prosecutor’s office to determine the origin and circumstances of the fire, which are still undetermined.
  • The activity of this factory with 87 employees has been completely shut down.

 

The management would like to thank the fire brigade and the gendarmerie who intervened, as well as the local administration and all those who gave their help and support.

 

Actions taken by elvia PCB Group:

The entire group was mobilised to deal with this exceptional situation from the morning of Monday 31st January. The priorities were to provide support and solidarity to our employees in this ordeal, as well as to provide rapid fallback solutions to our customers and partners.

To support the staff of elvia Loire Valley – CIRETEC, a psychological unit was set up.

To compensate for the unavailability of our site, our sales teams are organised to inform our customers and partners. Also, an adapted transfer plan is being prepared in order to allow the continuity of the activity.

Tikehau Ace Capital entered into exclusive negotiations for the acquisition of the Group Elvia PCB Group

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“This project is an excellent opportunity for our employees and our customers. The group, strengthened by the financial power of Tikehau Ace Capital and led by the management team in place, in whom I have great confidence, will be able to propel itself as the reference player in the hightech PCB industry in Europe.”

Bruno Cassin, President & CEO of ELVIA PCB

Read the rest of the press release here 👉: https://lnkd.in/dWpFfY6q

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