Information on the target
Le Groupe ALVAD, the parent company of the Toulouse-based modular kitchen rental company LOCACUISINES, announced on September 15, 2026, the acquisition of SERT, an industrial company based in Drôme that designs, manufactures, and sells modular kitchen, laundry, and sanitary solutions for the armed forces and civil security. This operation brings together a rental company with 50 employees and a manufacturer with 70 employees located in Romans-sur-Isère. The financial terms of the deal have not been disclosed.
LOCACUISINES has been the leading French provider of modular kitchen rentals for thirty years and ranks third in Europe in this sector. The company operates a fleet of 800 modular buildings and 10,000 kitchen equipment items, with bases in Toulouse, Rambouillet, and Le Havre, and also operates in Switzerland, Belgium, and Spain. Its business model encompasses end-to-end support, from needs analysis to the dismantling of equipment at the end of the rental period. SERT, on the other hand, holds the top position in France and the second position in Europe for mobile living solutions for Defense and Civil Security, with historical clients including the French armed forces and references across Europe, North Africa, the Middle East, Asia, and Oceania.
Industry overview in the target’s specific country
The Aerospace & Defense (NEC) industry in France is characterized by a robust framework of innovation and technological advancement, driven by significant government investment and a strong industrial base. France is home to some of the world's leading aerospace and defense companies, which benefit from a skilled workforce and a well-established supply chain. The industry is supported by various government initiatives aimed at enhancing national security and promoting technological advancements, particularly in modular solutions that cater to both military and civilian applications.
In recent years, the French government has increased its defense budget, reflecting a commitment to modernizing its armed forces and enhancing capabilities in response to evolving global threats. This has led to a surge in demand for advanced modular solutions that can be rapidly deployed in various operational scenarios. The integration of cutting-edge technologies, such as artificial intelligence and automation, is becoming increasingly prevalent, enabling companies to offer more efficient and effective solutions to their clients.
Moreover, the Aerospace & Defense (NEC) sector in France is witnessing a trend toward vertical integration, where companies are seeking to control more of their supply chains to enhance efficiency and reduce dependency on third-party suppliers. This shift is particularly evident in the modular solutions market, where companies like SERT are expanding their offerings to include not only manufacturing but also rental and maintenance services. This comprehensive approach allows firms to better serve their clients and adapt to changing market demands.
As the industry continues to evolve, collaboration between private companies and government entities will be crucial in driving innovation and ensuring that France remains a leader in the Aerospace & Defense s…