Babcock finishes promoting Frazer-Nash Consultancy to KBR

Babcock finishes selling Frazer-Nash Consultancy to KBR

by Marc Selinger

Nexteam and Ventana are both based in southwest France. (Getty Images)

According to a joint announcement, the French aircraft parts manufacturers Nexteam Group and Ventana Group have agreed to join forces and found a joint company with 2,400 employees.

The merged company will have 22 production sites and a presence in seven countries besides France: Austria, Morocco, Poland, Portugal, Romania, Sweden and Tunisia. It will serve business, commercial, and military aircraft; civil and military helicopters; Satellites; Launchers and “the most important defense programs,” it says in the October 6 announcement.

Nexteam and Ventana are based in the towns of Marmande and Narcastet, respectively, both of which are in southwestern France. Nexteam was founded in 2015 through the merger of several family businesses. Ventana was founded in 2003 and has made acquisitions to support growth.

Nexteam’s investors include French private equity firm Ace Capital Partners, while Ventana owns Austrian private investment company Montana Holding. The merger announcement does not contain any information about who will own the combined company or when the transaction is expected to close.

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