SPRING Technologies is funding a new growth stage with a new round of capital investment from its historic partner CM-CIC Capital Innovation together with ACE Management’s Aerofund III and CM-CIC Capital Privé, alongside with an Innovation loan from Bpifrance sovereign investment bank.
This €5.0M injection will enable CEO Gilles Battier to energize the company’s development on the international scale, and speed up product innovation through disruptive R&D investments.
SPRING Technologies is a French software company dedicated to CNC machine-tool users in all industry areas, allowing them to reduce operating costs, optimize machine fleets and increase the robustness of their manufacturing processes for high-precision, high added-value products.
SPRING Technologies’ NCSIMUL SOLUTIONS software range provides comprehensive, integrated control of manufacturing processes that include machining metals and composite layup, optimization of cutting and milling conditions, CAM program post-processing, 3D CNC machine simulation, technical content publishing and machine status monitoring across the workshop.
The company generated a consolidated turnover of €10.0M in 2013 through the sales of software and related services, that have now become a standard in the aerospace, defense, shipbuilding, automotive and energy sectors. It employs circa 100 engineers in France and in three offices abroad.
SPRING Technologies is recognized as an Innovative French SME, spearheading highly successful collaborative research projects in the Systematic and Astech competitiveness clusters. It has also been selected by Airbus, Safran, Zodiac and Dassault Aviation as an associate member of the “Aerospace Factory of the Future” initiative led by France’s civil aeronautics research council (CORAC).
To speed up its development, SPRING Technologies, which already has offices in Germany (Frankfurt), P.R. China (Shanghai) and the USA (Boston), has taken the twofold initiative of deploying internationally and investing in innovation, in close collaboration with its major clients. The company is also well positioned to examine acquisition opportunities in other European countries.
“I am delighted to pursue our adventure with our historic partner CM-CIC Capital Innovation, and to welcome ACE Management into our capital structure. Both investors are highly familiar with the market cycles in which we operate and understand the needs and demands from our customers, especially in the aerospace industry. By leveraging on their financial capabilities and excellent knowledge of the industrial environment, they can help us develop ambitious long-term projects, and bring an even bigger contribution to the improvement of our customers’ industrial processes through innovative digital technologies”, adds Gilles Battier.
