VT2i is involved in design, manufacturing and marketing of complete functions, mechanical sub-assembly, linkage suspension products for the automotive industry. VT2i relies on 50 years of experience in the automotive area (1st Tier supplier, 2nd Tier supplier and aftermarket and niche products).
The group, a former subsidiary of the American group TRW, was taken over in 2013 by Pascale Dellea Warin, Xavier Grandjean, and André Medjaed, all three senior executives in TRW’s time. They will enable 64 employees, convinced of the merits of the project, to join the transaction. The company is located in the Vosges region, VT2i can take advantage of its European strategic location between France, Germany and Switzerland. Indeed, the company is close to its clients; suppliers and other major firms in the automotive industry.
With a very active R&D department, VT2i group has established itself on a market dominated by international groups thanks to innovative processes tailored to its customers and at the forefront of market technologies. Thanks to a strong capacity for innovation; VT2i enjoys continuous growth since the takeover by the current teams in 2013, particularly in international markets where it generates more than 60% of its revenue.
This transaction, advised by PAX Corporate Finance, will enable VT2i, which generates more than €20 million in revenue, to continue its growth in a very dynamic and active sector regarding M&A transactions. Thus, a major investor such as BNP Paribas Développement will provide VT2i with additional financial resources to accelerate its development, both organically and through an external growth strategy involving complementary activities.