LISI GROUP - Integrated report 2021

LISI – 2021 INTEGRATED REPORT — 71 LISI AEROSPACE Parthenay LISI AEROSPACE Parthenay Factory 4.0: data to optimize production LISI AEROSPACE is accelerating the digital transformation of its production tool by continuing to automate production processes, by generalizing the capture and use of data and by supporting the evolution of skills. This development makes equipment more autonomous, shortens production times, increases efficiency and improves product quality. Disposal of LACE As part of its refocusing on its leading activities, LISI AEROSPACE sold its subsidiary LACE to French group Rafaut in March 2021. Based in Saint-Maur (Central France) and specializing in the design, manufacture and maintenance of load-carrying hooks for helicopters, LACE is a company that enjoys significant positions at Airbus Helicopters, Sikorsky and Bell Helicopter. The company employs 37 people and generated €9 million in sales it 2020. The Rafaut Group is thus consolidating its position as a European equipment supplier in the market for multirole load shedders. Accelerated development on hydraulic fittings LISI AEROSPACE announced in 2021 the acquisition of 100% of the capital of the US company B&E Manufacturing, based in Garden Groove, California. B&E produces high precision hydraulic tube fittings used in the aerospace, commercial aerospace, and military industries. A key player in the hydraulic fittings market, B&E Manufacturing employs 130 people and generated $32 million in sales in 2021. This acquisition allows LISI to strengthen its positions in a rapidly developing market.