The Tecnoquark Group is again listed on the Alternative Stock Market (MAB) after a suspension in the quotation due to the delay in the presentation of the Consolidated accounts for the year 2016. The 2016 financial year has led to the reaffirmation of Tecnoquark Group as an industrial holding company focused on the automotive (Tecnoquark Tooling) and aeronautical (TechnoMeca-Famo) sectors.
The specialized components for the automotive and aeronautical industry group Tecnoquark bets on measurement tools and machines and it has reached an agreement for the creation of a joint venture with the Chinese company Yufeng Shanghai and also is launching a new plant in Camas (Sevilla) that later this year will be the reference center for the European market of this new specialty.
The specialized components for the automotive and aeronautical industry group Tecnoquark has acquired 60% of the company Automation Systems and Global Inspection SL ( Ausil ) through a purchase agreement and an exchange of securities. Ausil specialization in artificial vision brings quality to the Tecnoquark services portfolio for the automotive industry.
Tecnoquark enters the French market by acquiring 2.5 million euros for the group of companies Techno-Méca / Famo, a leading manufacturer of tools for the aeronautical sector in France with an ISO 9100 certification in recognition of its quality. Based in the French town of Pau and 26 workers, the Techno-Méca (commercialization and engineering) and Famo (production) Group turnover of 3 million euros and earned a normalized EBITDA of 0.6 million euros in 2015.
Among the clients of Techno-Méca Famo there are three companies: Airbus, Dassault i Safran. For all of them Tecnoquark produces different aeronautical tools. Dassault stands out as a leader in technology and manufacture of military aircraft such as the Mirage or the new Rafale or private jets like Falcon. Meanwhile, Safran is one of the largest engine manufacturers in the world by manufacturing LEAP engine for the Airbus A320 Neo, among others.
With the acquisition of Techno-Méca Famo, Tecnoquark becomes a first-tier supplier to aircraft manufacturers.
Interview with CEO of Tecnoquark Carlos Soler at ‘Capital’ program of ‘Radio Intereconomía’ to talk about the design and manufacture of tools and components for the aerospace and the automotive industries, as well as the reasons why Tecnoquark entered trading on MAB and its international growth strategies.
Specializing in automotive components and Tecnoquark aviation industry group has created an engineering division in Sant Cugat del Vallès (Barcelona ) to meet the growing demand to provide integrated solutions, covering both the manufacturing and the conceptualization and design tooling.
The new Tecnoquark’s engineering division will offer to aeronautics, automotive and machine building companies the conception and design of technical solutions. This corporate step responds to the growing need for many companies that, in addition to the manufacture of the tools, require a solution that gives them the conception and design of the aforementioned tools. Some of the companies in the aeronautical sector who have already hired Tecnoquark engineering services are MTorres, Aciturri, Sener or Aernnova.
For the creation of this engineering division, Tecnoquark has hired three specialized engineers from companies like Applus and Aernnova, which will be led by a leader who was already part of the Tecnoquark’s team. The new division will be based in Sant Cugat del Vallès, while the group’s headquarters will remain in Manresa.
The business magazine aimed at small and medium enterprises “Pymes” webside publishes an article written by Tecnoquark’s CEO Carlos Soler detailing the operation of the Alternative Stock Market (MAB) and how it can be an alternative financing for SMEs .
‘Via Empresa’ publishes an article about Tecnoquark Group and emphasizes its commitment to diversify sectors and have physical presence abroad where it already exports 75% of its production. The CEO Carles Soler explains that “unlike other formulas to finance growth, the Altenative Stock Market (MAB in its spanish acronym) formula allows you to maintain the society’s control” .