Wildgen advised Saturne Technology in closing a EUR 2 Mio investment round
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24 January 2017Wildgen advised Saturne Technology in closing a EUR 2 Mio investment round
Catherine Cathiard, Director at Wildgen, has assisted Saturne Technology, a company specialised in laser cutting and drilling, laser welding and laser recharges, to welcome the Fonds Européen des Matériaux (F.E.M.) and the manufacturer AD Industrie into its capital.
Alongside director and co-founder Walter Grzymlas, the F.E.M. (managed by Emertec) and AD Industrie are investing EUR 2 million in the company Saturn Technology, which is opening up to capital investment for the first time.
The aim of the operation is to provide the company with additional resources so it can increase its workforce, maintain its lead in terms of expertise and improve the quality now demanded by the industrial sectors. This approach reflects the exponential demand for additive manufacturing services in the field of metallurgy. Saturn Technology has set itself the objective of doubling the scope of its activity over the next 3 years, thus confirming its position as a European pioneer in metal additives manufacturing (via SLM technology: powder bed fusion by laser).
With sales of EUR 1.9 million in 2016 and 11 employees, Saturn Technology is one of Europe's best in class companies in the field. Capitalising on a thorough knowledge of metallurgy, as well as in machining of all kinds using laser technology, in 2009 the company started learning about additive manufacturing. Eight years later, it mass-produces parts for the aeronautics, automotive and implantable medical devices sectors. The company exports a large proportion of its production - mainly to Europe, the USA, and Mexico.
Legal Advisors :
- WILDGEN – Catherine Cathiard (Corporate Director)
- FIDAL – Brice Voillequin
- LPA CGR – Florence Trognon-Dumain
Official press release of Saturne Technology can be downloaded below.