Equity partners since July 2014 in Walor International Group WIG), the founders and the regional equity firm Sodero Gestion, strengthen their association. One of the objectives of this transaction is to allow Walor International to pursue it ambitious development policy (internal and external growth).
On December 23, 2014, Walor International Group was accepted by the Commercial Court of Paris as the new owner of Altia Saint Etienne’s site (a former investment of the FSI, the Strategic Investment Fund), which main line of business is large series of directional components machining dedicated to the automotive industry (Revenues: €11M, 79 people).
Walor International Group is also a machining company specialized in components’ production for the automotive industry. As a leading subcontractor for international groups in manufacturing airbags and seatbelts, Walor International Group has three production sites: one in Legé / France (44), one in Romania and one in Mexico. The consolitaed entity should represent approximately 40M € revenues.
After several months of discussion with Sodero, M. Eric Lorin (CEO WIG) says: “I-Deal Development has perfectly highlighted the group’s business and market perspectives, both in France and abroad, and built a package allowing to combine strategic development, family background and financial support.” Sodero Gestion, partner of 140 SMEs in West of France, bases its policy on coaching CEOs as a proximity shareholder. Long-term relationships and stability are two essential criteria for the success and sustainability of a company.