We have advised the shareholders of Technamm, an expert in lightweight all-terrain vehicles, on the structuring and financing of a primary minority buyout sponsored by BNP Paribas Développement, Bpifrance and AfricInvest.
Technamm is an expert in lightweight all-terrain vehicles (GVWR less than 10 t) offering innovative solutions tailored to military needs including special forces, tactical missions, and logistical tasks, and civilian needs including firefighting, law enforcement/security operations, and ambulances. The company designs and optimises vehicles using existing chassis to offer optimised solutions in terms of cost and performance. Technamm has mastered the Toyota 70 series chassis, which has enabled the establishment of the reputation of its “Masstech” range. Its range of services also includes MCO (maintenance of operational readiness), spare parts, and training.
Technamm, headquartered in Lambesc, southeastern France, has 80 employees, delivers around 200 lightweight vehicles a year, and generated revenues of over €26m in FY2023. The company has built a comprehensive range of products to serve a diversified customer portfolio including the French Army, Navy, Ministry of the Interior, Ministry for Europe and Foreign Affairs, Gendarmerie, SDIS (Departmental Fire and Rescue Service), ONF (French National Forestry Agency), departmental authorities, cities, and others.
The arrival of BNP Paribas Développement, Bpifrance, and AfricInvest in the shareholding structure, together with three key managers, will enable the company to accelerate its industrial development, reinforce its export strategy mainly in Africa and Eastern Europe, and consider external growth opportunities to integrate complementary activities, increase its know-how, or internalise value-added activities.
