21
Jan’ 2026

Mecadaq and CAPZA accelerate aerospace consolidation

Mecadaq Group has announced the acquisition of two strategic companies.

Mecadaq Group, a leading provider of high-precision manufacturing for the aerospace and defense industries, has announced the acquisition of two strategic companies: Echeverria, which specialises in aircraft seats and cabins, and Lopez, a recognised expert in helicopter engine MRO.

 

These transactions—marking the fourth and fifth acquisitions in the Group’s history—are the first since CAPZA became Mecadaq’s majority shareholder in July 2025. They reflect the launch of an ambitious sector consolidation plan, jointly led with Mecadaq’s management team.
 

Led by Julien Dubecq, Mecadaq employs around 350 people across four production sites—three in France and one in the United States. The Group supports major global aerospace OEMs such as Airbus, Boeing, Dassault Aviation, and Safran on critical programs including the A320, B737, and Rafale, leveraging its recognised industrial excellence and long-standing customer relationships.
 

Echeverria specialises in precision machining and the assembly of complex aerospace components, including pilot seat structures, cabin frameworks, and premium comfort features. With a client portfolio that includes industry leaders such as Airbus Atlantic, Echeverria’s niche expertise further enhances Mecadaq’s capabilities and strategically positions the Group in the rapidly expanding aircraft seats and cabin market.
 

Lopez is renowned for its expertise in aerospace maintenance (MRO), particularly for critical helicopter engine components. The company offers specialised services such as grinding, lapping, fitting, dimensional checks, hydraulic testing, and compliance restoration for sensitive parts. As a long-standing partner of Safran Helicopter Engines, Lopez is recognised for its responsiveness and ability to handle highly critical components within tight deadlines.
 

These two acquisitions significantly strengthen Mecadaq’s industrial expertise in high value-added segments and establish two new specialised divisions – one dedicated to seats & cabin interiors, and one to maintenance, repair and operations for aerospace engines. The Group continues its strategy of consolidating a highly fragmented sector by building centres of excellence around its historical know-how. With the active support of CAPZA, Mecadaq reaffirms its ambition to become a leading aerospace player in Europe and the United States, targeting revenues of over €150 million by 2030.
 

These two acquisitions will strengthen our strategic position and increase our capabilities to support our main aerospace customers
“ 
Fabien Bernez , Partner, CAPZA Flex Equity

“CAPZA is very proud to be supporting Mecadaq Group in this new phase of growth. When we partnered with the management team in July 2025, we shared a clear, long-term ambition: to actively contribute to the consolidation of the aerospace supply chain. Just six months later, we are pleased to have already taken meaningful steps towardw that goal with these two strategic acquisitions.” – Fabien Bernez, Partner, CAPZA Flex Equity

 

“We are very happy and proud to welcome both companies Echeverria and Lopez at Mecadaq. These two acquisitions will strengthen our strategic position and increase our capabilities to support our main aerospace customers such as Airbus and Safran. With the strong support of CAPZA, we are thus aligned with our target to continue transforming our Group and becoming a key supplier in the aerospace supply chain, both for aircraft manufacturers (Airbus, Boeing, Dassault, etc.) and Tier 1 suppliers (Safran, Daher, Latécoère, Thales, etc.).” – Julien Dubecq, Président de Mecadaq.

 

Completion of the transaction remains subject to standard closing conditions and regulatory approvals.

 
This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.
 
Information about the staff team Flex Equity of CAPZA is only informative. We do not guarantee the fact that staff remain employed by CAPZA and exercise or continue to exercise in the Flex Equity team of CAPZA.

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95 transactions since 2004
Source: CAPZA as of 30/06/2025
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