ARELEC and ARAYMOND sign an economic partnership


Date : 05/09/19 | Category : Press article

On May 2, 2019, ARAYMOND announced the signature of an economic partnership agreement with ARELEC, the specialist in magnetic closure solutions.

The agreement provides for:

  • The creation of a shared design office within a joint venture called ARELEC ARAYMOND. Owned 50/50 by the partners, the new company will enable ARAYMOND to diversify its automotive fastenings range, and give ARELEC the opportunity to extend its innovation and pre-production capabilities.
  • The acquisition by ARAYMOND FRANCE of ARELEC's automotive magnetic fasteners business and its portfolio of around 60 products.

The partnership agreement has been designed to give ARAYMOND direct access to expertise in magnetic fasteners, and allow the company to develop a new technological building block that will extend its range of assembly solutions. ARELEC will be free to continue developing its own market in magnetic solutions for permanent magnet sensors, actuators and motors.

“We are very pleased to confirm our collaborative agreement with ARELEC, a family-owned company with which we share a common passion for innovation, products and the long-term adventure that is entrepreneurship. This new partnership gives ARaymond access to a new area of expertise: magnetic solutions. It further underlines our ability to reinvent ourselves and develop innovative applications in response to very rapid technological changes in our market, in customer expectations and in user patterns and preferences.” 

Antoine Raymond, President of ARAYMOND

“We are delighted to have formed this alliance with a company whose values we share. Our market is expanding rapidly, driven by the quest for energy savings and comfort, from cars to home automation. This partnership will take our innovation and pre-production capabilities to a new level in order to meet growing demand for innovative magnetic solutions.”

Jean-Nicolas Donjon, President of ARELEC

ABOUT ARELEC

ARELEC is a family business based in Pau, France. With more than 60 years of expertise in magnetism, ARELEC is an essential stakeholder in the market for the magnetic components used in automotive industry sensors, as well as magnetic solutions for many other industry sectors, from energy management to home automation and cosmetics.

ARELEC in figures:

President: Jean-Nicolas DONJON

2018 Turnover: €17 million

180 employees worldwide, including 80 in France (at Pau in the Pyrénées Atlantiques region)

More information: www.arelec.com