Bouyer buy out
Published: ASIA
Bouyer has announced that Group DEF’s CEO and industrialist Philippe Lécuyer has acquired the assets to the 77-year old company.
WORLD: French public address systems manufacturer Bouyer has announced that Group DEF’s CEO and industrialist Philippe Lécuyer has acquired the assets to the 77-year old company.
Mr Lécuyer plans to re-launch and develop the Bouyer brand under the umbrella of the DEF Group, which is the largest company in the French fire security industry. Following the announcement of the company’s receivership in January 2010, the staff proposed a take-over initiative and approached the DEF Group, who in turn confirmed its interest in their activities. Mr. Lécuyer announced that he plans to re-structure the company according to principles tried and tested by the DEF Group. ‘We will ensure that Bouyer benefits from all the expertise and industrial power of our group, in order to develop its own activities. As such we will witness the revival of the Bouyer brand.’
Bouyer Industrie has been formed to manage all R&D activities in addition to the manufacturing of public address equipment, while Bouyer Systems will handle all the sales of their products. Bouyer currently employs a workforce of 56 in Montauban, France. ‘We are confident in our ability to revive Bouyer to make its products more competitive when tendering for ambitious development objectives,’ added Mr Lécuyer.