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HLD EUROPE ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH IK INVESTMENT PARTNERS TO ACQUIRE EXXELIA

HLD Europe has entered into exclusive negotiations with the investment company IK Investment Partners, to become the majority shareholder of Exxelia, the European leader in the manufacturing of high reliability passive components and electromechanical systems. Exxelia management reinvests alongside ...


Exxelia develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defense, medical and rail, where product reliability and performance are essential. The group addresses main institutional players, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors and rotary joints) embedded into a large number of programs: from the Airbus A350 to the Boeing Dreamliner, from the Ariane 6 launcher to satellite constellations (such as Galileo, Oneweb, etc.), from the Rafale to the F-35, from subway coaches to high-speed trains, from MRI medical equipment to defibrillators.

With an expected proforma revenue of around 170 million euros for 2019 and around 2,000 employees, Exxelia is present today in more than 30 countries and operates in Europe and the United States, in Morocco and in Vietnam through its production sites, its design centers as well as its network of sales partners.

Avec l’appui de son nouvel actionnaire, Exxelia pourra intensifier sa démarche d’excellence opérationnelle et d’innovation et poursuivre sa stratégie d’internationalisation avec la pénétration de marchés porteurs tels que l’Inde ou la Chine et accélérer son développement aux Etats-Unis.

With the support of its new shareholder, Exxelia will be able to intensify its operational excellence and innovation efforts, pursue its internationalization strategy with the penetration of high-growth markets such as India or China, and accelerate its development in the United States.

Paul Maisonnier, CEO of Exxelia:

« I am delighted to embark on a new stage of development with our new shareholders, with whom we share the same vision. Together, we aim to strengthen Exxelia’s unique “one-stop-shop” by offering high-reliability custom products combined with a strong capacity for innovation. We will pursue our continuous improvement approach and our internationalization strategy to make Exxelia a world leader in our niche markets. In that regard, HLD's experience in international business development is precious to us. We thank IK Investment Partners for its total support over the past 5 years which has enabled us to set up a solid platform capable of supporting our ambitions for global growth, which we are delighted to continue with HLD ».

Dan Soudry, Partner at IK Investment Partners:

« As shareholders of Exxelia since 2015, we are very pleased to have supported the various stages of transformation and growth of the group, through a deep structuring phase led by the management team and an external growth strategy. This has strengthened the group's presence in the United States, especially with the acquisition of Raf Tabtronics, Deyoung, and Micropen, and diversified its expertise on new product lines ».

Jean-Bernard Lafonta, Founding Partner of HLD Europe and Jean-Hubert Vial, Partner:

« HLD supports successful companies with no restrictions on duration. We believe this specificity was important in the choice of Exxelia’s new shareholder: it is essential to achieve the ambition of growth while considering the long-term nature of Exxelia clients’ programs. We are delighted to be associated with the group's project, whose entrepreneurial culture echoes the entrepreneurial spirit that drives HLD. We are convinced that we can help Exxelia's teams by giving them the means to meet their ambitions ».

Published on 27 Jan 2020 by Rebecca Charles

Exxelia at IMS

Ultra low ESR, high RF power and high self-resonant frequency The NHB series is a complete range of MLCC based on NPO dielectric material providing a very high Self Resonant Frequency and limiting the parasite Parallel Resonant Frequencies. The series is available in 1111 size with capacitance ranging from 0. 3pF to 100pF. NHB series offers excellent performance for RF power applications at high temperature up to 175°C and at 500 VDC. The lowest ESR is obtained by combining highly conductive metal electrodes and proprietary of new NPO low loss rugged dielectrics. NHB series particularly fits for high power and high frequency applications such as: cellular base station equipment, broadband wireless service, point to point / multipoint radios and broadcasting equipment. Typical circuit applications: impedance matching, bypass, feedback, tuning, coupling and DC blocking. 100% invar tuning screws with self-locking system   Invar-36 is a unique Iron-Nickel alloy (64 % Fe / 36 % Ni) sought-after for its very low coefficient of thermal expansion. With 1.1 ppm. K–1 between 0°C and 100°C, Invar-36 is about 17 times more stable than Brass which is the most traditional and common alloy Tuning Elements are made of. The working temperature range in Space is so wide that this property becomes essential for a reliable and stable cavity filter tuning. Self-locking system is a technology commonly used on Tuning Element made of Brass or other soft “easy-to-machine” alloys but is innovative and pretty advanced when applied to hard and tough Invar 36. The design consists of two threaded segments separated by two parallel slots. After cutting both parallel slots, the rotor is compressed in its length in order to create a plastic deformation. Thus, an offset is induced between the two threaded segments which generates a constant tensile stress in the rotor from the moment threaded segments are screwed. High Q Factor Dielectric Resonators in large batches Dielectric resonators are designed to replace resonant cavities in microwave functions such as filters and oscillators. Exxelia with the support of ESA and CNES developed the E7000 series that provides a narrow bandwidth with smaller size. E7000 is Ba-Mg-Ta materials based that combines an ultra-high Q-factor and the possibility to get all the temperature coefficients upon request. E7000 features the high-performance requested for space use in the frequency range from 5 to 32 GHz, and guarantees up to Qxf > 250 000 at 10GHZ. Being one of the few manufacturers producing its own raw materials, Exxelia perfectly masters the production of dielectric resonators. Induced by the success of this new range, the company is now able to provide larger batches (up to 20kg of powder) of its E7000 series while keeping the exact same product properties, resulting in opportunities for cost-effective volume fabrication.

New Plug&Play filters for datacenters and mission critical facilities

Electronic equipment can leak sensitive information over conducted or radiated electromagnetic emanations, and signals transmitted down unprotected lines can potentially be intercepted. That’s why filters are implemented into systems to prevent EMI disturbances, as TEMPEST filters stop the high frequency EM signals (or noise) emanating inside the secured environment. Exxelia has a long history of manufacturing state-of-the-art electromagnetic interference (EMI) filtering technologies for space, avionic and defense markets. Thanks to this in-depth knowledge, Exxelia came to the conclusion that the installation of a product is as critical as its reliability, especially when shielding continuity and sensitive copper terminals are involved. That’s where Exxelia’s new full range of TEMPEST pluggable filters will save time and spare headaches! The 9260W series is a multi-socket line extension with a built-in 16A Tempest filter (minimum 60dB, from 100KHz to 1GHz), CE qualified according to EM 60950-1 standard. 9260W series Plug&Play solution is available with UK, US and EU standard plugs and can be provided with any other standard plug upon request. In addition, Exxelia completed its offer with the 9259W series of pluggable filters featuring various plug interfaces such as VGA/DVI, USB, Ethernet, Phone, Audio and much more. 9260W series and 9259W series are both fully compliant with EMC expectations and allow considerable time saving and cost-effectiveness. When a standard filter needs to be wired and shielded to each socket one-by-one before carefully re-closing the whole equipment, Exxelia new series can be installed using no special tools and with a smaller footprint. To all people handling sensitive information, a simple plugging operation is now enough to protect their data. Available now, 9259W and 9260W series are fully customizable upon request.

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