Toulouse, January 10 2024 – Yotta Capital Partners, Sofiouest and Alain Jarre announce the acquisition of Recif Technologies by Accuron Technologies Group, an international precision engineering and technology business serving the semiconductor, aerospace, and industrial equipment sectors.
Headquartered in Toulouse, with two sales subsidiaries in the USA and Taiwan, Recif Technologies has well prospered since its restructuring in 2008, when Alain Jarre took over management of the Group.
Supported by Yotta and Sofiouest since 2021, the company has enjoyed strong growth in recent years, with a significant acceleration of its activity by more than 65% since 2020. Recif secured its positioning as one of the world’s top two manufacturers of ultra-clean wafer handling robots (wafer sorters) for semiconductor fabs. In parallel, Recif Technologies has been involved in all major European collaborative projects since 2012.
Recif Technologies will continue in its R&D efforts, leveraging Accuron Group’s recognized industrial experience and expertise in the fields of robotics, inspection, and packaging, as well as its strong industrial presence in Europe and its vast international network (Europe, US, and Asia), to support its continued development. The next growth phase will be led by Laurent Salanqueda, Recif’s new CEO, who joined the team a year ago.
For Alain Jarre: “By joining Accuron Technologies, Recif Technologies will have the means to accelerate its expansion and reach a new milestone in Europe, thanks to the Chips for Europe Initiative, but also in all countries involved in semiconductor manufacturing. I am proud to have contributed to the turnaround and development of Recif Technologies over the past 15 years; Recif Technologies is now ready to benefit from the new momentum.”
For Benoît Perrot of Yotta Capital Partners: “As majority shareholder in Recif Technologies, it is key for us that Recif Technologies joins a group sharing the same values of technological excellence at the service of the strategic semiconductor industry in Europe and worldwide. We are particularly proud to have been the driving force behind this combination. We are convinced that Accuron Technologies will provide Recif Technologies with the necessary resources to pursue its innovation and growth path, while pursuing its engagement towards carbon impact reduction.”
For Patrice Hutin/Florian Denys of Sofiouest: “We are delighted to see Recif Technologies move towards new horizons with the industrial backing of Accuron Technologies. This partnership marks a significant step forward for Recif Technologies, underlining its key role in the semiconductor industry. We are confident in Recif Technologies’ ability to pursue its development under the leadership of Laurent Salanqueda, who joined the Group a year ago. Sofiouest is proud to have contributed to the success of this SME, which is playing its part in the new dynamism of French industry.”
About Recif Technologies
Recif Technologies designs, manufactures, distributes, and maintains cutting-edge wafer handling solutions that meet the most stringent industry standards. With over three decades in the industry, the ISO9001-certified company is committed to excellence, innovation, and customer satisfaction, and is a trusted partner for leading semiconductor manufacturers worldwide.
More information can be found at: www.reciftech.com
About Accuron Technologies
Accuron Technologies is a Singapore-based holding company for precision engineering and technology businesses. Founded in 1981, the group has core competencies in precision manufacturing, material processing, systems design, and system integration.
Accuron’s subsidiaries are leading players of niche applications for various industries — including Aerospace, Semiconductor Equipment, Automotive, and Industrial Automation & Technologies — with established operations in major markets across Asia, Europe, and the USA.
The group’s businesses include SAM, esmo group, mechatronic systemtechnik, ZASCHE handling, flextos, NexGen Wafer Systems, WAAM3D, and Addept3D.
More information can be found at: www.accuron.com
About Yotta Capital Partners
Yotta Capital Partners is the first growth capital and buyout fund dedicated to the Industry of the Future. With 25 years of experience, its hybrid team is made up of recognized private equity professionals and top industrial profiles. Committed to the environment, Yotta Capital Partners invests in French industrial SMEs and offers them strong support in their modernization, growth and decarbonization challenges, helping them to take the next step in the 4th industrial revolution. Yotta Capital Partners is a member of the IC 20 and has obtained the Label Relance.
More information can be found at: www.yottacapital.fr
About Sofiouest
Sofiouest, an investment companýsubsidiary of the Sipa Ouest-France Group, invests in digital innovation, development capital-transmission and business real estate. It has an asset base of approximately €130 million. The development capital-transmission activity aims to promote the sustainable and profitable growth of French SMEs. This strategy is implemented through investments in specialized funds, co-investments and direct investments in the capital of companies. Sofiouest’s raison d’être is to contribute to the development of Groupe SIPA Ouest-France through human and socially responsible investment, in line with the values of the Association for the Support of the Principles of Humanist Democracy (ASPDH) to which the group belongs.
More information can be found at: www.sofiouest.com
List of contributors:
SME: Recif Technologies (Laurent Salanqueda, Alain Jarre)
Sell Side:
AJ Invest & Consulting (Alain Jarre)
Yotta Capital Partners (Benoît Perrot, Christophe Gegout, Daniel Javed, Nina Hervé)
Sofiouest (Patrice Hutin, Florian Denys)
M&A Advisors Sell Side :
Oaklins (Raphaël Petit, Sophie Zanella, Guillaume Lecomte)
Legal advisors – Sell Side:
Oyat (Caroline Basdevant- Soulie, Ouisse Weiss Akhonzada)
Altij (Sylvain Favier, Corentin Clair)
Investor:
Accuron Technologies (Tan Kai Hoe, Mike Mattner, Edwin Chow, Tan Chiew Eng, Jonathan Siew, Jeffrey Ng, Beng Thiam Ong, Rachelle Soo, Tan Zhi Yu, Szerui Wong)
Legal advisors – Buy Side:
Bredin Prat (Christine Lenis, Nadira Kayouech, Thomas Delacour)
Financial due diligence – Buy Side:
Roedl (Caroline Steinert, Typhaine Lacau, Alexander Seufert, Mélodie Blondeau, Camille Stéphanus)
