JV Group has acquired PMV Industrie

The private shareholders of PMV Industrie have sold the company to JV Group for an undisclosed consideration.

JV Group is a fast-growing, leading provider of composite and metal machined structure parts and tooling for the aerospace, defense and space industry. The company offers a one-stop-shop solution to its clients ranging from design to final assembly and MRO (maintenance, repair and overhaul) of aircraft parts including state-of-the-art surface treatment and NDT painting. JV Group has over 300 employees over five sites around Bordeaux and Toulouse in France.

PMV Industrie has more than 30 years' experience in design and manufacture of parts, sub-assemblies and finished products for cabin interiors as well as external body elements, made of traditional or composite materials for the aeronautic industry. PMV provides also maintenance on cabin interiors and can proceed with any major or minor seat upgrade and changes including seat covers and cushions manufacturing. The company is also a specialist in VIP interiors and produces upholstery for VIP seats, divans and panels.

Oaklins' team in France advised JV Group in this transaction.