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Sateco

Sateco is a leading French provider of metal formworks and safety platforms.

Founded in 1953, Sateco designs and manufactures metal formworks and safety platforms, which are sold to clients primarily in the construction industry. The business also offers complementary services such as equipment rental, maintenance, technical support and training.

Initially focused on local SMEs, the management team has achieved a strong market position in a short timeframe among national SMEs and major French construction groups.

Having established a strong reputation and well-known brand within the industry, Sateco supplies its diverse customer base, with a wide range of formworks and platforms.

Sateco employs over 200 people, who are based at its two production sites in Mirebeau and Maillé in the west of France, which have capacity to generate c.110,000 square metres of formworks and c. 14,500 metres of platforms. Recently, the group has acquired an additional leased production site in Geneva, Switzerland.

The business maintains a strong focus on safety, ergonomics and productivity features to meet EU legislation standards.

Investment Date

Jul 2019

Country

France

Business Description

Industrials

Revenue at ACQ.

€74m

Employees at ACQ.

200

Investment Type

Secondary MBO

Sateco 1

With Equistone’s support and experience, we intend to continue pursuing the external growth strategy we initiated in 2018 with the acquisition of HK Services in Switzerland, in order to diversify our activity and accelerate our international development.