Hivest Capital has acquired Safran's Cargo and Catering activities, creating the Cabin & Cargo Equipment Group, led by Klaus Hofmann and Jerry van Vive, to capitalize on growing demand for aerospace equipment.

Target Information

Hivest Capital has successfully acquired 100% of Safran's Cargo and Catering activities, leading to the establishment of a new entity known as the Cabin & Cargo Equipment Group ('CCE Group'). Klaus Hofmann has been appointed as the CEO of this new group, which will manage the previously independent operations of AviusULD and Driessen. AviusULD specializes in the production and distribution of Unit Load Devices (ULDs), which are crucial for transporting air freight. With a track record of over 700,000 ULDs sold, AviusULD commands a significant presence in the global market.

Driessen, now part of CCE Group, specializes in catering equipment for airlines and rail companies, producing items such as trolleys and containers. The company's extensive experience, with over 650,000 units currently in service, positions it as a global leader from day one. CCE Group, which employs approximately 1,500 staff and is headquartered in Europe, focuses on innovative solutions, including advanced products like the Class-D fire-resistant container.

Industry Overview

The aerospace equipment industry in France is notably dynamic and innovative, driven by a strong emphasis on technology and sustainability. It encompasses a wide range of areas, including aircraft manufacturing, aeronautical engine