Mahindra & Mahindra : Aerostructures signs MoU with France’s Segnere

Bengaluru, Feb 14, 2017: Bengaluru-based Mahindra Aerostructures and France-based Segnere SAS have signed a Memorandum of Understanding (MoU) to collaborate on airframe manufacturing opportunities and to support each other's growth in capabilities to meet changing requirements for the global aerospace market.

Mahindra Aerostructures, a subsidiary of Mahindra Aerospace Pvt. Ltd., operates a 25,000 sq. m. manufacturing facility near Bengaluru. Since starting commercial deliveries in January 2015, the business has swiftly ramped up and is now exporting detailed parts, sub-assemblies and primary structural components to its customers world-wide.

Segnere SAS, headquartered in Tarbes near Toulouse, operates three production facilities in France and a subsidiary in Tunisia. Specializing in hard metal parts and assemblies, Segnere is a Tier 1 to Airbus with several decades of experience in providing proximate and steady support to Airbus and its major suppliers.

The partnership with Segnere supports Mahindra's intent to expand its existing capabilities to produce hardmetal parts (titanium, inconel and aerospace steels) and then to collaborate on other technologies.

Mr. S P Shukla, Chairman, Mahindra Aerospace and Group President-Aerospace & Defence, Mahindra Group, stated 'We are continuously looking at opportunities to be closer to our customers and to sharpen our value proposition. This relationship with Segnere is further proof of the Mahindra Group's commitment to continuously invest in growth.'

Speaking on the new relationship, Mr. Arvind Mehra, Executive Director & CEO of Mahindra Aerospace said, 'We are pleased to launch this strategic partnership with Segnere. We will work together to leverage our combined experience and expertise to meet the strategic sourcing priorities of our customers. Segnere provides us a footprint in France while we provide opportunities to work together in the larger global marketplace.'

'We are thrilled to partner with Mahindra Aerospace to address our customers' cost, capability and capacity requirements,' explained Mr. Jean Michel Segnere, President of Segnere SAS. 'Mahindra's global presence in various industries and investments in aerospace offer excellent synergy to our specialized skills and long experience in this industry. Mahindra experience in manufacturing, coupled with a significant desire to invest in aerospace and Segnere's long association with Airbus and other OEMs, present a unique opportunity for growth' he added.

About Mahindra Aerospace

Mahindra Aerospace leads the Mahindra Group's interests in aerospace manufacturing. In aerostructures, Mahindra Aerospace operates a 25,000 sq. m. plant near Bengaluru, India, with comprehensive capabilities for sheet metal parts, surface treatment and assemblies - soft alloys at present, soon to include hard metal components capability. With AS9100, NADCAP and numerous OEM / customer approvals, the business has ramped up steeply on production since January 2015 and is exporting parts and assemblies to customers worldwide.

Its aircraft business in Australia produces the Airvan 8, the most capable, rugged and versatile utility aircraft in its class. Certified in 38 countries, over 200 Airvan 8s are in service. Mahindra Aerospace is also nearing market launch of the Airvan 10 turboprop to extend Airvan 8 advantages to Jet A1 users.

Learn more about Mahindra Aerospace at www.mahindraaerospace.com

About Mahindra

The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world's largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

About SEGNERE

The Segnere Group is a family business. It was created in 1965 and it has considerable presence in the aeronautical world and in the outsourcing of production for more than 50 years now. The group, headquartered in Tarbes in the Pyrenees, near Toulouse, France, has proven its ability to support the developments of the modern aerospace industry in the areas of hard and soft metals. With real-world expertise and knowledge in sheet metal, machining, assembly and mechanical welding, Segnere counts among its main customers the Airbus Group, Dassault, Stelia, Latelec, Satair and Daher.

Learn more about Segnere on www.groupe-segnere.com

Media contact information:
Camille Carassus
CFO
Groupe Segnere
Tel : 0033.5.62.94.84.84
c.carassus@groupe-segnere.com

Shubhada Dharwadkar
Group Communications
Mahindra & Mahindra Ltd
Tel : 022-2491 7040
dharwadkar.shubhada@mahindra.com