Paris, 10 October 2024 – Alliance Electronics, a leading electronics design and manufacturing group, announces the acquisition of TXCube, a specialist in the design and industrialization of complete electronic products. This acquisition follows the purchase of EMS Factory, a specialist in rapid electronic prototyping. These two strategic integrations, supported by Waterland Private Equity, will allow Alliance Electronics to strengthen its offering of value-added services and its position as an industrial leader in Europe.
Founded in 2009 by Elisabeth Partouche and Daniel Mawas, TXCube is a French expert in the design and industrialisation of electronic products, expected to reach over €12 million in revenue in 2024. With strong expertise in electronics, mechanics, embedded software, and “Design-to-Cost,” TXCube serves major companies from the CAC40, medium-sized businesses, and startups in France, Europe, and beyond.
Elisabeth Partouche views this partnership as a significant step in TXCube’s development: “With the ‘Made in Europe’ and ‘Made in France’ production capabilities of the Alliance Group, we can provide a broader manufacturing offering to our clients, driving further growth. Several new ‘Made in France’ projects are already in motion.”
Acquired in late July, EMS Factory is a Bordeaux-based company specializing in online rapid prototyping. Founded in 2015 by Pierre-Yves Sempere and Damien Michaud, EMS Factory employs 20 people and is known for its technical expertise and ability to produce complex electronic board and cable prototypes on very short deadlines. EMS Factory supports major industrial groups, medium-sized companies, research centers, and startups with their most complex projects across France and Europe.
Damien Michaud, who will remain at the helm of the company, commented: “I am excited by Alliance’s industrial vision, the growth opportunities it presents, and the potential to offer EMS Factory’s clients greater production capacity.”
These 6th and 7th acquisitions mark another significant step in Alliance Electronics’ development strategy, bringing its revenue close to €150 million. The group aims to reach €300 million by 2026.
Damien Rossignon, President of Alliance Electronics, commented: “These acquisitions mark a key milestone in expanding our subcontracting offering with high-value-added services for our clients. The seamless integration of design, prototyping, industrialization, and mass production allows us to offer a ‘one-stop-shop’ solution. This reduces time-to-market, optimizes production costs, and improves quality. We look forward to leveraging these synergies with the teams at TXCube and EMS Factory.”
Based in Rosheim, Alsace, Alliance Electronics is a major industrial player specializing in design, prototyping, and manufacturing of small and medium series electronic assemblies for international clients. The Group now operates 9 industrial sites across 4 countries: France (where its headquarters are located), Portugal, Belgium, and Tunisia.
The founders of EMS Factory and TXCube are reinvesting alongside Waterland within the Alliance Electronics group, as is Andera Croissance, which has been a shareholder of TXCube since its OBO three years ago.
“With these two new areas of expertise, Alliance Electronics strengthens its value chain and its technological and industrial service offering. EMS Factory enhances the prototyping activity while providing new commercial synergies, and TXCube supports the group’s position as a designer-manufacturer of electronic systems, offering new complete and turnkey solutions.” – Louis Huetz, Partner at Waterland.
About EMS Factory
Founded in 2015 in Martillac, in the Bordeaux region, EMS Factory is a key player in Europe in online electronic prototyping. Specializing in the design and production of small- and medium-series electronic boards, the company offers a complete range of services (prototyping, electronic board assembly, cabling, rework, engineering, product assembly, etc.). Thanks to full digitalization of its processes and a 4.0 factory, EMS Factory meets the most demanding needs with speed, flexibility, and precision.
About TXCube
TXCube is a French company that supports its clients from the prototype phase to industrial series production by leveraging its teams’ technical expertise, supplier networks, and overseeing all phases of industrialization. TXCube has expertise in the design, industrialization, and manufacturing of complete electronic product series, guiding clients from project inception to industrial production. With teams based in France and China, TXCube advises on the most suitable industrial model. The goal is to guarantee a “Time to Market” with a product that meets the requirements at an objective manufacturing cost while ensuring quality control and product compliance.
About Andera Partners
Founded over 20 years ago, Andera Partners is a major player in private equity in France and internationally. Its teams manage €4.3 billion across life sciences (Andera Life Sciences), growth capital and buyouts (Andera MidCap, Andera Expansion/Growth, Andera Co-Invest), sponsorless transactions (Andera Acto), and ecological transition (Andera Infra). Andera Partners’ mission is to support companies and their leaders in achieving strong and sustainable growth. The quality of performance offered to investors is based on a strong partnership between portfolio entrepreneurs and our teams, built on shared values. “The Power of And” represents the DNA of Andera Partners.
Based in Paris, with offices in Antwerp, Milan, and Munich, Andera Partners is 100% owned by its teams, composed of nearly 115 people, including 72 investment professionals. It is organized as a partnership and led by a committee of 13 partners.
Press contacts:
Ellie Hallam – waterland@wearehollr.com | +44 750 20 91 18
Laurence Van Doosselaere – vandoosselaere@waterland.be | +32 473 88 05 21
