SOCIETEX / ICFG France advised RMEI on its transfer to THE ROTATING COMPANY
|Mergers & Acquisitions
|THE ROTATING COMPANY
Founded in 1983, RMEI (Réparation de Moteurs Électriques Industriels) has been a specialist in industrial rotating machinery in the Oise region for over 40 years.
RMEI has the expertise to provide turnkey services for preventive maintenance, machine fleet management, bearing wear monitoring, vibration monitoring, electric motor insulation testing, gearbox and pump analysis, etc.
RMEI’s integrated mechanical and electromechanical skills enable it to be autonomous and responsive when it comes to making specific parts (machining, turning, milling) for the replacement of wear parts.
The company has a portfolio of 450 active industrial customers, 300 of whom are repeat customers.
RMEI has a qualified team of 23 people, including 10 experienced mechanics and electromechanics to carry out its high added-value services and 7 project managers to carry out studies and costing.
THE ROTATING COMPANY, a Belgian specialist in electrical drives and installations as well as pumps, has positioned itself as part of the competitive process put in place by Societex Corporate Finance.
The Group, founded in 1991, is made up of two companies (MOTOREN FRANCOYS and PUMP FLEET SERVICES) at 3 sites, including 1 in France near Lille.
With this merger, THE ROTATING COMPANY is strengthening its presence in France to cover the rich industrial region from Paris to Antwerp. The Group will be able to draw on RMEI’s technical expertise and the wealth of processes in place within the company to support growth.
“I saw the sale of RMEI as an act of management, the objective being to integrate the company into a structure in line with our activities. The priority was to find a buyer who would retain the company’s human values and who would consider all my employees. I chose SOCIETEX to help me manage the process, approach candidates and negotiate. This essential support ensured that the merger between RMEI and THE ROTATING COMPANY was a success.” Georges REDREGOO, RMEI CEO