TRIGO has acquired 100% of the capital of MAVE AERONAUTICA from founder Joaquin Arregui and other shareholders. This transaction is a major step in TRIGO's consolidation strategy in the European aerospace quality services market. It will strengthen MAVE AERONAUTICA's position by taking the mainly Spanish company to an international level.

MAVE AERONAUTICA is the pioneer of outsourced quality services for the aerospace sector in Spain, where it has been serving Airbus and other clients for more than 16 years. The company has deep expertise in quality inspection, quality assurance, measurement and tooling maintenance solutions. In today's highly international aerospace supply chain, MAVE has found in TRIGO the best partner to sustain its past successes and to make its expertise available to its customers outside of Spain. MAVE founder, Joaquin Arregui, and Executive Vice President, Carlos Maria-Tome Arnal, will progressively retire and the company will be managed by Antonio Gomez, General Manager since early 2016, based in Cadiz.

TRIGO had entered the Spanish aerospace market in 2015 via the acquisition of GLOBAL Q. Together with MAVE, TRIGO will achieve more than 70 million euros of annual revenue in the aerospace and heavy transportation sector, with significant operations in Spain, France and Germany as well as North America and Asia. After the acquisition of Bollinger and Euro-Symbiose in 2016, MAVE is the third one since ARDIAN, the private investment company, started backing TRIGO in mid-2016. TRIGO will continue to pursue its market consolidation strategy in operational quality services for the transportation industry, ultimately offering worldwide, efficient solutions and expertise to its international, innovation-driven customers.

"TRIGO is proud to welcome MAVE into the Group", said Matthieu Rambaud, TRIGO CEO and Benoit Leblanc, EVP of Europe at TRIGO. "We strongly believe that the integration of MAVE within TRIGO, alongside GLOBAL Q, will benefit to our clients of Spain and beyond in terms of efficiency, expertise and innovation capacity. We enthusiastically welcome our new colleagues of MAVE and are looking forward to seeing them enjoy new development opportunities within our Group."

"With TRIGO, we found the acquirer that we were dreaming about for the future of MAVE, its customers and its employees", added Joaquin Arregui, MAVE Founder and Carlos Maria-Tome Arnal, EVP of MAVE. "TRIGO and MAVE share the same values. We thank our customers for trusting MAVE and we thank all the employees for having made our development adventure possible so far, and for staying proud and focused on generating the success of tomorrow within TRIGO."