Altead carrier awaits buyer
The Nantes-based group Altead was placed in receivership at the end of May 2019. Owned by its founders and the investment fund L-GAM linked to the princely family of Liechtenstein, which arrived in 2016, the company had been monitored for several months by the interdepartmental committee for industrial restructuring (Ciri). According to Le Figaro, inconsistencies had been found in the cash flow. The CEO and founder of the company, Jean-François Torres, has resigned from his position, replaced by a transitional manager. While takeover bids had to be submitted before June 21, the name of a buyer should be announced by the end of July.
The largest carrier of pleasure boats
Altead has 25 subsidiaries, acquired progressively and usually at the bar of the court. It has a total workforce of 2,031 employees and generated revenues of 236 million euros in 2018. A specialist in exceptional transport, the group is notably the largest transporter of wind turbine blades in Europe and has clients in the aeronautics and defense industries, such as Airbus. In the boating sector, its subsidiaries, grouped under Altead Boats such as Altead Augizeau and Le Gai Matelot, have made it the leader in pleasure boat transport. The group says it transports 3,000 boats a year, from monohulls to catamarans and speedboats. It counts among its clients all the biggest shipyards and its difficulties could be problematic for the nautical sector in the case of a takeover in several lots.
