Latour Capital to acquire French PCB maker Elvia Electronics

Elvia Electronics makes PCBs for defence, robotics, space, aerospace, energy, automotive and industrial applications, according to a machine-translated French-language press release from Latour Capital. The company employs around 420 people across three production sites in Coutances, where it has its headquarters, Châteaubourg and Puiseaux, as well as a technical centre in Meung-sur-Loire. Its boards are used in major French sovereign programmes, and it has long-standing relationships with the large prime contractors.

Tikehau has owned Elvia since March 2022, through a private equity fund dedicated to aerospace and defence. During that time, the company has gone through a major transformation and grown strongly, according to the release.

“Since Tikehau’s arrival in March 2022, a major investment plan has enabled us in particular to develop the industrial capacity of our plants and strengthen our engineering teams,” says Alain Dietsch, CEO of Elvia Electronics.

Latour Capital says demand for high-reliability electronics is being driven by industrial sovereignty, growing defence programmes, including robotics and drones, and the relocation of critical supply chains. With new investment, Elvia will continue to focus on high-end, high-reliability electronics and accelerate its international expansion, while keeping its French industrial base.

“Its technological and industrial expertise, which few European players still possess, makes it an essential partner for European sovereign programmes,” says Alexis Morel, partner at Latour Capital.