Poclain Restructures Capital, Strengthens Family Control

 

Poclain Group recently announced that it has reorganized its capital and reasserts its independence backed by Crédit Mutuel Equity (leader of the financing round), Picardie Investissement, and FE2T.

The capital restructuring of the Poclain Group will enable the family division – headed by Laurent Bataille, group chairman – to boost its capital and strengthen the circle of family shareholders. The operation, led by Crédit Mutuel Equity, also fortifies Poclain’s financial resources, allowing it to implement a policy of external growth targeted on complementary technological building blocks.

The regional investor Picardie Investissement, which has supported the company for over 30 years, is returning to the financing round, while the FE2T fund (Regional Transformation Fund for Entrepreneurs) managed by IRD Gestion is acquiring a stake in its first-ever investment.

The Poclain brand, created by Georges Bataille in 1930, has been a byword for hydraulic transmission since 1985, when the Bataille family bought Poclain Hydraulics, taking over the company’s development so that it now forms the Poclain Group, which it still controls. Located in Oise, France, this family-run, mid-market company specializes in designing, manufacturing, and marketing hydraulic motors, pumps, and components for off-road mobile machinery.

With a turnover in excess of 400 million euros ($401 million), Poclain employs 2,500 people in 20 countries, with nine factories, 21 commercial subsidiaries, and eight research centers. The company plans to continue its expansion by capitalizing on its major research work and distinct technological expertise.

For more information, visit www.poclain.com.