HomeAutomobileNavya, specialist in autonomous driving, acquired by Gaussin

Navya, specialist in autonomous driving, acquired by Gaussin

The Lyon commercial court opted for the offer of the Franche-Comté Gaussin to take over the company Navya, a specialist in autonomous driving placed in suspension of payments at the beginning of February.

The company Navya, a specialist in autonomous driving placed in suspension of payments in early February, will be absorbed by the Franche-Comté Gaussin, in partnership with the Japanese company Macnica, according to a decision by the Lyon commercial court on Tuesday.

The court opted for the offer presented by Gaussin, a manufacturer of autonomous electric or hydrogen vehicles for the transport of goods in enclosed spaces, whose headquarters are located in Héricourt (Haut-Saone). The group’s customers include big names in logistics (Amazon, UPS, etc.), port or airport sites (Singapore Port, etc.) or underground sites.

This offer, for a sale price of 1.4 million euros, provides for the takeover of 143 Navya employees, out of just over 200, and also proposes the reclassification of 21 employees through its subsidiary Metalliance, which is located in Saint-Vallier (Saone -et-Loire). An additional six jobs will be saved in Singapore, Gaussin said in a separate statement.

“It is a clear demonstration of the resilience of the ‘Made in France’ model, in which we believe. The skills, technology and experience will remain here in our territories”, greeted Christophe Gaussin, executive director of the homonymous group, quoted in the press release.

The takeover bid will be carried out through the creation of a new company that will take over the assets of Navya, based in France, majority owned by Gaussin (51%) and the remaining 49% by Macnica.

Goal of 23 million euros of turnover

“We have a great project with two industrial players, Gaussin, which has a very complementary activity in terms of the type of autonomous vehicles, and Macnica, a large Japanese group that (already) uses Navya shuttles”, sums up Jean-Claude Bailly, current Gaussin’s vice president who will assume the management of the mixed company, along with AFP.

In the final stretch, two offers were accepted by the field, both made by experienced players in the sector. The other offer came from Electramobilys, a Calais-based group specializing in the design and manufacture of light utility vehicles, in association with the Alten group. Foresaw the recovery of 173 employees.

Gaussin’s offer is “higher (…) than the level of the activity’s sustainability criteria”, estimated the court in its ruling, with “a financing of the activity worth 25 million euros over the next three years, including 15 million already insured”.

“The new joint venture is targeting a turnover of 23 million euros from the first year, mainly for export,” Gaussin specifies.

“Macnica, as a major player in semiconductors, and Gaussin as a leader in French industrial logistics, are perfectly positioned to ensure the international development and new commercial applications of our autonomous mobility systems”, reacted Olivier Le Cornec, until now in charge of Navya. , quoted in Gaussin’s press release.

Navya’s listing on Euronext, suspended since January 25, will not resume, the company said in a statement.

Author: MB with AFP
Source: BFM TV

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