| XXIIe Rencontres Nationales du Transport Public 23/11/2009 Nice, France |  |
 | |
| COMPIN Group selected to refurbish the interior fittings of the TGV Sud Est trains fleet 12/10/2009
Further to a call for tender process that lasted over 10 months from the submission of tenders in December 2008 to the official signature of the contract on 6 October 2009, COMPIN Group announces that it has been selected by the SNCF, the French national railway operator. This contract covers the delivery of interiors fittings kits for 107 trains in total, including 60 train sets as a firm order. The industrial execution of the refurbishment will run from 2011 to 2015 for the first lot, with an initial delivery planned for April 2011. The kits will be integrated in the SNCF’s workshops. This project, which focuses exclusively on the interior fittings, perfectly matches the range scope of work and technical skills that COMPIN Group can offer its customers, whether for new built or refurbishments, which results from the company’s continuous development over recent years. For this project, 80% of the installations will be designed and manufactured in its own industrial units. In order to comply with the specifications, COMPIN Group has entered into targeted partnerships, in particular with RCP Design, who has used the SNCF's criteria to create a style that fits TGV brand image. COMPIN Group fulfilled the main criteria and based its offer on the SNCF’s specifications, in particular focusing on: 1. “Sustainable development”, by undertaking to: - Re-use a major portion of the current components, - Install a disassembly and recycling platform, - Select LED lighting systems. 2. Complete cost control: - By managing logistics and the time spent on system assembly, - And by optimizing in-service maintenance with a specific focus on the “cleanability” of the systems. The submission for this call for tender was based on substantial experience in projects managed for the SNCF, in particular for TGV, whether for new built or refurbishment projects. COMPIN is particularly dedicated to meeting all SNCF requirements throughout the history of the TGV fleet, starting with the delivery of the seats for the Experimental 001 TGV in 1972 and continuing with their successors. In 2003, the interior fittings for the refurbishment of the TGV Lacroix were developed in consortium composed of Christian Lacroix, MBD Design, COMPIN and SOFANOR, which has since then been integrated into COMPIN Group. COMPIN Group has relied on this broad experience acquired over many years to succeed with this call for tender.
Amount of the order: depending on the options, from €80M to more than €100M Number of trains: 60 firm orders, 47 to be confirmed Number of seats: 42,000 M² of carpeting: 25,000 Industrial integration: at the two SNCF “Technicentres” in Hellemmes and Romilly.
| |
| |
| A new World-renowned shareolder 05/03/2009
COMPIN GROUP: A New World-Renowned Shareholder COMPIN Group announced on March 5, 2009, the acquisition of a majority stake of its capital by Barclays Private Equity France. COMPIN Group was founded in 2005 by Originally financed by the LBO France investment fund, COMPIN, a designer and manufacturer of seats since 1902 and a European leader, was the first acquisition made via its holding. Thereafter, in accordance with its development plan for interior railway fittings, acquisitions followed one another. This strong growth thereby allowed for the realisation of a truly global offering of interior fittings and front-ends, while demonstrating the group’s ability to meet local needs and be responsive in serving its customers both nationally and, most importantly, internationally. Today, the deployment of this strategy continues according to the roadmap established in 2005. After nearly four years of existence and pursuant to its standard business model, LBO France chose to carry out its shareholding acquisition while remaining, however, a minority shareholder. In spite of an extremely unfavourable economic context, the business project attracted the interest of several investment funds, thanks to the suitability of its market and sectorial positioning, the visibility provided by its order book and the dynamism of the railway sector. The organisational work conducted to provide the group with a management team able to face the challenges of a market that is progressing rapidly is another one of the Group’s key assets. By choosing Barclays PE and supported by first-rate financial institutions, BNP Paribas, Société Générale, LCL, Banque Palatine, BESV and the Crédit Agricole group, Today’s European leader in interior fittings and front-ends for railway stock, COMPIN Group, supported by its new shareholder Barclays Private Equity, has new means available to confirm and grow its presence internationally and remain close to its customers, to improve its responsiveness and services, and to further develop its potential for product innovation. | |
| |
| A first step on the chinese market 26/09/2008
A first step on the Chinese market COMPIN Group, the European leader in railway interior fittings ( 114 M€ turn-over and 1025 employees), headed by (12 M€ turn over in 2007 and 350 employees) The company, now named QINGDAO COMPIN RAILWAY GRP, located at The company address all markets segments in the railway industry from urban to intercity applications. For COMPIN group, the main purpose of this positioning is to address the Chinese market with the proper location, competences and reactivity level and also support our main customers for the delivering of the high speed trains programs. Indeed our European clients involved in For COMPIN Group, we are also unfolding the proximity strategy already implemented in This strategy has been already implemented in Crespin on Bombardier Site as well as in This operation creates also some advantages in terms of purchases for COMPIN Group in particular for the composites parts of its activity gathered under the brand name COMPIN Technologies Composites. The industrial capabilities of the joint venture, with high pressure SMC press, will also enlarge its product offer. | |
| |
| Setting up of COMPIN UK Ltd 06/05/2008 COMPIN Group, announced on Tuesday, 6th of May the setting up of a new activity in UK, COMPIN UK Ltd and the purchase of the majority of assets of the business of formerly know as “AVE Rail Products”. This company is specialized in Interiors fittings such as luggage racks, lightings and ceilings for railway applications for new materials as well as for refurbishment projects. Moreover, this company owns an outstanding know-how in terms or drivers desks supplying almost all Electrostar and Turbostar materials of BOMBARDIER TRANSPORTATION UK. Lastly, COMPIN UK owns a workshop in the vicinity of This deal strengthens the internationalization strategy of COMPIN Group, offering the proper localization and organization to support at best all its COMPIN Group is thus continuing, with this new subsidiary in | |
| |
| COMPIN Group acquires EMC, Européenne de Matériaux Composites 07/12/2007 COMPIN Group announced on Wednesday 7th December 2007 the acquisition, via its holding company, of EMC - Européenne de Matériaux Composites. EMC (turnover in 2006: €16M with a headcount of 150 people in France and 100 in Bulgaria) is a pioneer in the field of composite materials. The company is recognised for its expertise internationally in the railway industry (front-ends of trains and parts for the interior trim of railway vehicles) and for public transport vehicles, building site vehicles and various other sectors. | |
| |
| Launch of TGV Est 21/10/2007 Compin Group : Partner of SNCF in “TGV Est” renovation |  |
| |
