Péguet joins the Wichard group
The Wichard Group acquired the Péguet company on December 18, 2018. The company, based in Savoie, manufactures the famous quick links, used in yachting in particular on anchor chains. It employs 40 people for a turnover of about 4.5 Meuros. The transaction is the second acquisition of the year after the integration of the mast manufacturer Lorima which has joined the Wichard, Sparcraft, Facnor and Profurl brands.
The continuation of a long-standing collaboration
If the integration into the Wichard group is a new step, the collaboration with Péguet is not new, explains Jean-Claude Ibos, CEO of the Wichard group. " There has been a business relationship since the 1980s. We have shared distribution in the United States for a long time, and we are already a distributor of Péguet products in the USA. Moreover, it is consistent in terms of the culture of both companies. They work with metal like we do at Wichard. Péguet designs and manufactures everything in France, and works on safety, quality and reliability with a medium to high-end positioning. "
Develop new metal connectors
The arrival of Péguet within the Wichard Group will allow the development of new connection solutions and the release of a common catalog of products for the industry. " Our wider range of connectors will open up different solutions. The group's strength will also give Péguet a capacity for innovation that it had lost a little in recent years. This will be achieved through joint projects and Wichard developments for Péguet's teams. "says Jean-Claude Ibos.
Complementarity in the nautical industry and outside
The synergies between Péguet and Wichard are also commercial. They relate to the geographical distribution network, but above all to the complementary fields of activity. " We will benefit from the respective networks to reach more customers, with an effect that we hope will be significant. Exports represent 60% for Péguet and 50% for Wichard in similar geographical areas, but the sectors of activity are different. This will open up Wichard to industrial fields or acrobranche and climbing, while the nautical sector represents a little less than 10% of Péguet's turnover, but we hope to be able to develop it a little. "says the CEO of the Wichard Group.
