In line with its strategic priority of strengthening its offering of metal and PTFE hoses, Hydroscand, through it's subsidiary Pathel Industrie is pleased to announce the acquisition of the company SEEMI. The SEEMI company, located in the Toulouse region, has more than 40 years of strong experience in the production and commercialization of complex assemblies for various industries. The acquisition was completed on the 25th of April 2024, and SEEMI will be integrated into Pathel Industrie.
SEEMI will be a major asset in the development of corrugated, stainless steel and PTFE hose manufacturing for PATHEL, a strategic priority for the firm. SEEMI has focused for many years on highly value added assemblies designed and produced in France in its workshops in Cugnaux, France. The commercial positioning of SEEMI, its technical expertise and its customer portfolio lets us target and realize substantial revenue synergies in the French industrial hose segment.
Julien Gauthier, Managing Director of Pathel remarks:
We welcome the entire SEEMI team to Pathel Industrie and the Hydroscand Group and look forward to working with their skilled employees to strengthen Pathel Industrie's position in the industrial metal & PTFE hose segment.
This acquisition is Hydroscand group's third acquisition for 2024 and is an example of the firm’s expertise in supporting the transition of businesses from founders, families, and long-term private owners to new custodians. Hydroscand is a highly successful international business, and France, which is served through three brands, Pathel, Clarel and Hydroscand is an important market in the group. The firm continues to seek further acquisition opportunities for hose and fittings and mobile hose repair businesses.