Milexia completes acquisition of CEL

CEL offers its customers broad access to electronic components and subsystems, telecom connection products and chemicals. Its tailor-made services revolve around the supply and realization of complete technical solutions: from the definition of the customer's needs, through the design phase, to the delivery and integration phase.

This acquisition brings on board a dynamic team of over 30 employees, providing Milexia France with synergy and a perfect complement to its know-how. The group thus continues its uninterrupted growth. Since Isatis Capital acquired a stake in Milexia alongside Société Générale Capital Partner and Bpifrance, this is the company's sixth acquisition in Europe.

"With their expertise and presence in markets that complement Milexia's, CEL's teams reinforce our group's positioning as Europe's leading value-added technology distributor. This meets our ambitions for growth in Europe to better serve our ecosystem of customers and partners", says Xavier Gaillard, CEO of the Milexia group.

"The CEL teams are delighted to join those of the Milexia group, as our culture and values are identical. The priority given to customers and suppliers is a common value of the CEL group and MILEXIA, guaranteeing our interlocutors expertise and real added value to the products, solutions and services we offer. This merger is a guarantee of continuity and a reinforcement of our presence with our customers and suppliers" declares Alain Gorrec, CEO of CEL.

"Sector specialization, which enables us to gain an in-depth understanding of our customers' needs, is one of Milexia's great strengths. This new operation is fully in line with the strategy defined with management. By enriching its know-how with CEL's rail expertise, the group is expanding into a highly promising sector for radio-frequency, PEMCO and embedded systems", explains Nicolas Schwindenhammer, Partner of Isatis Capital.