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Coriolis Composites acquires MF Tech

News International-French

7 Sep 2018

Coriolis Group carries out its first external growth operation with the acquisition of the group MF Tech, a specialist in composite filament winding.

Coriolis Composites acquires MF Tech
Coriolis Composites acquires MF Tech

Coriolis Group, parent company of Coriolis Composites, an innovative company specialising in the manufacturing of robotic cells and software for the production of composite parts in industry, announces its acquisition of a 100% stake in the group MF Tech. With this first external growth operation, Coriolis Group extends its expertise in industrial robotics. The new organisation totals 172 employees with an annual revenue approaching 30 million euros.

Founded in 2004, MF Tech has 18 employees and is based in Argentan, France. It is a global benchmark company in the field of robotic filament winding, a technique used in the manufacturing of composite parts such as tubes, mechanical parts and vessels. The robots developed by MF Tech are currently used in multiple sectors including automotive, aeronautical and aerospace, defence, nuclear, medical and even sports.

This operation offers many technological and commercial synergies. With the backing of Coriolis, MF Tech will benefit from the relationships established by Coriolis Composites with the major aerospace contractors, profiting from its international network principally consisting of five subsidiaries (USA, Canada, China, Germany and the UK). Coriolis Composites will build on the reputation of MF Tech in the automotive sector, perfectly in step with its own strategy, with the goal of accelerating its penetration of this high-potential sector.

The two founding directors of MF Tech, Emmanuel Flouvat and Arnaud Ménard, become part of the group's operational management and will continue their direct involvement in the technological and commercial development of filament winding solutions.

Clémentine Gallet, President of Coriolis Group, states:

"I am extremely pleased with the collaboration between our two companies, both of which are at the cutting edge of robotics technology within their respective fields. We share the same culture of innovation and the same vision of the role to be played by robotics within the composites field. Together we will be able to offer a complete package, unique in the market, to all our customers. This is an important stage in our strategic plan designed to see our Group become a global leader in industrial robotics for the manufacturing of composite parts ‒ a market offering significant potential over the long term. "

MFTECH Filament winding 2017 MFTECH enroulement filamentaire 2017

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