Groupe Wichard has acquired 100% of Axxon Composites to enhance its expertise in composite spar manufacturing and strengthen its leadership in the global sailing equipment market.
Information on the Target
The target of this acquisition is Axxon Composites, a prominent manufacturer specializing in composite spars for both recreational and competitive sailing boats. This strategic acquisition allows Groupe Wichard to not only broaden its product portfolio but also to reinforce its existing expertise in the composite materials sector, which is critical for high-performance sailing equipment.
Axxon Composites has established itself as a key player in the industry, providing innovative and high-quality products tailored to the needs of sailors and the competitive sailing market. This acquisition signifies a notable addition to Groupe Wichard's capabilities and market position.
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Industry Overview in France
The sailing equipment industry in France has seen significant growth over the past few years, driven by a rising interest in recreational sailing and competitive racing. France is home to a vibrant maritim
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