TRIGO Accelerates Its Development into the US Aerospace Supply Chain by Acquiring SMS
November 07, 2018 15:50 KST
PARIS--(Business Wire / Korea Newswire) November 07, 2018 -- TRIGO has acquired 100% of the capital of Supplier Management Solutions (SMS) from founder Steve M. Clarke. This transaction is a major step in TRIGO’s development strategy into the value added global aerospace supply chain and quality management services market. It will strengthen SMS’ position as a quality partner in the aerospace supply chain by providing global coverage in addition to an extended service offering into quality inspection and conformity management.
SMS is the leader in the Commercial and Defense Aerospace Industry providing global supplier management, development and quality services through “boots on the ground” on-site management to drive systemic changes that improve and sustain on-time delivery and overall supplier performance.
With SMS’ U.S. Headquarters between Los Angeles and San Diego, in Temecula, CA, Steve M. Clarke, SMS’ CEO/President, and team come with over thirty-seven (37) years of industry experience. Together, SMS understands the current dynamics and urgent need for a more efficient and cost-effective supply chain management solution. SMS‘ management team and field resources, Delivery Assurance Specialists (DAS) perform their role working as an extension of their customers in 10 countries today. SMS’ business model provides a customized, fully integrated service solution along the customer’s value stream which results in quality parts arriving “on-time, every time.”
“With TRIGO, we found the perfect acquirer to further expand SMS’ services into quality worldwide. The integration of the 2 companies will provide our current and future customers with a unique combined service offering targeted to provide a fully integrated service solution for both On-Time-Delivery and On-Quality-Delivery performance for the aerospace supply chain. I want to thank our customers for their support with SMS over the past twelve years and all our employees for having made this success possible, and for staying proud and focused on generating the success of tomorrow with SMS and TRIGO”, said Steve Clarke, SMS founder and CEO.
“The acquisition of SMS will provide us with a robust platform and a very talented team to accelerate our growth in North America. In addition, SMS will be able to leverage immediately TRIGO’s global footprint for the benefit of our customers. This transaction is the perfect fit strategically to propel us forward”, said Emmanuel Marquis, TRIGO EVP of Aerospace Division.
“TRIGO is proud to welcome SMS into the Group. With this transaction, we will now achieve greater than $150 million in revenues in North America, and greater than $100 million in revenues in aerospace continuing our development into the leading global supply chain partner in aerospace, automotive and heavy transportation. Our strategic focus remains on providing our customers with the most comprehensive range of global supply chain and quality management solutions. The acquisition of SMS strengthens our market leadership and opens up significant new growth opportunities for the future”, added Matthieu Rambaud, TRIGO CEO.
The acquisition is still pending CFIUS approval (Committee on Foreign Investment in the United States).
This is the third acquisition for TRIGO in 2018 and the seventh one since private investment house ARDIAN began backing TRIGO in 2016.
For more than 12 years, SMS has been supporting the global aerospace and defense industry providing supplier performance services through “boots on the ground” to drive systemic changes that improve quality and sustain on-time delivery performance. SMS’ team of full-time, salaried professionals provide on-site supplier performance management in more than forty (40) states and ten (10) countries internationally. Their mission is to bring their customers’ parts home on-time, every time, by increasing visibility, accountability, discipline and communication across the entire supply base.
About TRIGO Group
Founded in 1997, TRIGO is a multinational company providing operational quality management solutions for the manufacturing sector, especially in the automotive and aerospace industries. With a team of several thousands of professionals present in 20+ countries across 4 continents, TRIGO offers a comprehensive portfolio of quality assurance services ranging from inspection to expert audit, consulting and training.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181106005374/en/
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