Hivest Capital has acquired Safran's Cargo and Catering activities, establishing the Cabin & Cargo Equipment Group to enhance its position as a leading supplier in the aerospace equipment industry.

Information on the Target

On June 1st, 2023, Hivest Capital, an independent private equity firm based in France, announced the acquisition of 100% of Safran's Cargo and Catering activities. This transaction led to the establishment of a new aerospace equipment entity, the Cabin & Cargo Equipment Group (CCE Group), which will oversee both cargo and catering functions. Klaus Hofmann, previously the Vice President of Safran Cabin Cargo, has been appointed as the CEO of CCE Group, while also managing the cargo operations now branded as AviusULD.

AviusULD specializes in the manufacture and distribution of Unit Load Devices (ULDs), essential for the transport of air freight. The company has a proven track record, having sold over 700,000 ULDs since its inception, positioning it as a significant global competitor in this sector. In parallel, the catering segment, which will now operate under the name Driessen, offers a comprehensive range of trolleys, containers, and other catering equipment for airlines and rail companies, boasting a fleet of over 650,000 units in service and establishing itself as a market leader.

Industry Overview in France

The aerospace industry in France is a critical segment of the national economy, known for its innovation, high-quality manufacturing, and a strong emphasis on safety and operational efficiency. France serves as a European hub for aerospace act