With our partner Salesforce, unify sales, marketing and customer service. Accele your growth!
The question of industrial sovereignty arises again with the sale of LMB aerospace by Tikehau Capital American -style LOAR Group. This company, specializing in high performance electric fans for aerospace and defense, plays a key role in strategic programs such as Gust and nuclear submarines French. His transfer under a foreign pavilion raises concerns and questions.
LMB aerospace: a strategic asset under the American pavilion
Based in Corrèze, LMB aerospace designs essential components in the French defense industry. Acquisition by an American group raises the question of controlling sensitive technologies. Once under American jurisdiction, these know-how could be subject to extraterritorial regulations such as the Cloud Actallowing the American authorities to access the data of companies under US pavilion.
A French fund at the heart of the debate
Tikehau Capital is not an isolated actor: he benefited from 200 million euros in public funding To support French industry. However, three years after the acquisition of LMB aerospace, he produced a 100 % added value By giving it to a foreign actor. This operation highlights tensions between profitability logics and imperatives of industrial sovereignty.
The lack of French alternatives
If this sale arouses reactions, it is also because it illustrates the difficulty for France to offer credible alternatives. French funds invested in industry and defense remain limitedand the ETIs capable of buying this type of active person are too few. Unlike Germany or the United States, France is struggling to structure a solid ecosystem to preserve its strategic companies.
One of the major brakes lies in CSR directives which limit institutional investments in defense. A policy which, although based on ethical considerations, reduces the room for maneuver for national industrial consolidation.
The role of the state: act or let it go?
THE Montebourg Decreedesigned to protect strategic assets, could allow the government to intervene in this transaction. It remains to be seen if Sébastien LecornuMinister of the Armed Forces, will choose to activate it. This decision would mark a turning point in French industrial policy: between interventionism and laissez-faire, what strategy to adopt to preserve our economic interests?
With 6,500 billion euros in financial savingsFrance has the resources necessary to support its strategic industries. The question is whether she wants to mobilize them. LMB aerospace is not an isolated case, but an alert signal. This transfer imposes a broader debate on the ability of France to preserve its long -term technological and industrial independence.
