WeAre Group, a major player in the market of small and medium complex detail parts, continues its development by adding titanium casting to its technological bricks.
TARAMM & GAMMA-Tial will join the Group’s existing sites dedicated to turning, milling, additive, sheet metal and assembly.
The two production sites are located in Ariège and Indre-et-Loire and currently employ 90 people. Thanks to these new plants, WeAre will gain a unique know-how in the lost wax titanium casting market.
The Group’s assets will be strengthened by 18,500m² of production space and a complete & modern machine park, including 18 to 40 kg melting furnaces. The Group will also have its own rare and strategic HIP (Hot Isostatic Pressing) to meet the ramp-up of rates in the aeronautical industry.
This acquisition also fulfils the needs of WeAre Group’s historical customers to secure their supply chain with solid European players capable of meeting the challenges of the coming years.
WeAre, known for its ability to consolidate, is already deploying a transformation plan on the two new sites. This will enable these sites to achieve industrial and operational excellence, just like WeAre Group’s current plants.
This operation was financed with the support of Ace Capital Partners (a subsidiary of Tikehau Capital), shareholder and historical partner of WeAre Group in its growth since its creation.
With this acquisition, WeAre Group will exceed €220m in turnover by 2024.
Press Release : WEAREGROUP_CP_TemplateEN