The French industrial group Finaero becomes Satys and prepares for controlled growth.
The French industrial group Finaero adopts the name Satys to link its activities, divided into four business units:
- Satys Sealing & Painting (formely STTS): aircraft painting & sealing, aerostructures & railway equipment.
- Satys Interiors (formely AIP, AIT and SMTC): design and production of railway and aircraft interiors.
- Satys Electric (formely CIEE Interconnect): wiring and cable assemblies for the medical, energy, rail and aerospace sectors.
- Satys Surface Treatment (formely AST): surface treatment for aerospace components.
Why Satys? Customer satisfaction, one of the group’s key values.
A simple name that evokes customer satisfaction and embodies the group’s values:
- Partnering with our customers: innovating to create tailor-made solutions
- Operational excellence: our DNA
- People oriented: develop industrial infrastructures to allow for good working conditions, respect for the environment and guarantee sustainability and diversity for employees
Christophe Cador, Chief Executive Officer and the Group’s founder: “In addition to better clarity for our customers, Satys reflects the DNA of our group, its teams, its history: we all share the same objective of customer satisfaction for today and tomorrow. This can be found in our respect for on-time delivery and quality that we impose on ourselves as well as a constant pursuit of competitiveness for our products and services. These are the conditions for our development and the sustainability of our markets. I would like to take this opportunity to pay tribute to Satys’ teams who strive on a daily basis towards that end.”
Our development’s success: strong and controlled growth
Satys group completed the 2017 fiscal year, which ended September 30th, with a revenue of €172m an increase of 28% over 2016 and 19% at constant scope, with 2500 employees in 11 countries in Europe (Francs accounts for 60% of the employees), Middle East, China, South-East Asia and North America. The group’s headquarters are in Blagnac (Occitanie Region of France). Activity in 2018 will be superior to €200m at constant scope and profitability will make it possible to support future investment programs after those from the 2016-2018 period which amounted to €120m. At the end of the five year road map established in 2017, the group has set itself an objective to double its activity by 2025, through internal growth and acquisitions across the four business units, while remaining agile and always ready to reassess itself.
Satys Sealing & Painting is today one of the leading partners of Airbus and Boeing in a risk sharing program for painting new aircraft. Furthermore, Satys Sealing & Painting is already present in the aircraft repainting (MRO) market and will intensify its development, especially in the Middle-East, thanks to the opening of a new paint hangar able to accommodate the A380 at the Dubai South Al Maktoum airport in 2019. Satys Sealing & Painting will be able to paint more than 1000 aircraft by 2023. Based in Blagnac, the heart of the aircraft painting world capital, Satys Sealing & Painting has initiated innovation programs so that customers can improve their competiveness especially in aerostructures. This innovation is supported by Expiris, the group’s R&D lab in which the company holds 50% of shares.
Satys Interiors specialized in railway and aerospace interiors in specific markets, will boost its growth thanks to its presence in China and through external growth especially in the rail industry.
Satys Electric, of which the design office and manufacturing are based in Thailand, will continue to provide support for its customers in the medical, energy, railway and aerospace sectors with two new sites planned for in Germany and the USA. This development will allow Satys Electric to see its activity doubled by 2025.
Finally, Satys Surface Treatment, the group’s new activity, will undertake heavy investments. Like in the other business units, disruptive innovation, competitiveness, zero-pollution, working conditions and internalization will all drive new growth. New acquisitions are currently under consideration in this business unit.