The acquisition of AirCaptif will therefore contribute to reaching our goals for growth beyond the tire, and more specifically in the field of flexible composites.
Maude Portigliatti, Business Director, High-Technology Materials, Member of the Group’s Executive Committee

Maude Portigliatti, Business Director, High-Technology Materials, Member of the Group’s Executive Committee

"The acquisition of AirCaptif will therefore contribute to reaching our goals for growth beyond the tire, and more specifically in the field of flexible composites."

What does this acquisition represent for Michelin?

In 2030, 20-30% of Michelin’s revenue will come from activities relating to and beyond the tire. This is what we announced last April, during the presentation of our new strategic plan: “Michelin in motion”. To achieve this, the Group aims to grow in five areas: services and solutions, sustainable flexible composites, metal 3D printing, hydrogen mobility and materials for regenerative medicine.  The acquisition of AirCaptif will therefore contribute to reaching our goals for growth beyond the tire, and more specifically in the field of flexible composites, by offering extremely innovative products manufactured from high-technology materials. Through tire technology, Michelin has acquired expertise in inflatable structures and composite materials. The purchase of AirCaptif constitutes a step to enhancing this expertise on new markets. Furthermore, it is a new illustration of Michelin’s desire to invest in France, in innovative activities with a high added value and that create jobs.

What are your goals in the field of inflatable structures?

Inflatable structures are a segment we are targeting in order to achieve our growth ambitions in flexible composites. We are delighted to have the AirCaptif teams join the Group. Michelin wants to develop the know-how of AirCaptif beyond France and position itself as the European leader in ultralight, high-technology inflatable structures. For example, inflatable structures for medical use represent an average annual global growth rate of 12%. The growth of AirCaptif over the next 5 years should lead to the creation of approximately 200 jobs.

The acquisition of AirCaptif is a new illustration of Michelin’s development beyond the tire. Can you give us other examples?

The purchase of AirCaptif supplements the various initiatives launched by the Group to enhance our expertise in high-technology materials serving components and products that fulfil critical missions. For example, this is the case for AddUp on the Metal 3D printing market, Symbio for hydrogen mobility or even Solesis for regenerative medicine and cellular therapy. Fenner’s activities allow us to access markets that apply composite solutions that are ultra-technical in nature. Thanks to ResiCare, a specialist in adhesive solutions, we can speed up the development of technological innovations stemming from the tire. All this forms part of the “All sustainable” approach that feeds the Group’s strategy; an approach based on balance between human, environmental and economic challenges.

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AddUp

 

A joint venture created between Michelin and Fives in 2016, AddUp specializes in metal 3D printing. First intended for the production of unique pieces with high added value, the metal 3D printing technology is currently gaining a wider market and now extends to other applications, in the automobile, aeronautics, health and energy sectors, etc.

 

Symbio

 

A joint venture created by Michelin and Faurecia in 2010, Symbio aims to become a leader in hydrogen mobility by 2030. A goal borne by the conviction that hydrogen technology will allow for simultaneously overcoming three major challenges: improving air quality, reducing greenhouse gas emissions, and developing renewable energies.

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Solesis

 

A Michelin subsidiary since 2018, Solesis specializes in biomaterials for the health sector. By privatizing Solesis, Michelin wants to speed up its development in the medical sector, in which the most dynamic markets display growth potentials of between 10 and 30%. In particular, Michelin is targeting the fields of regenerative medicine and cellular therapy.

Resicare

 

A Michelin subsidiary since 2020, ResiCare specializes in the development and production of high-performance glues that are kinder to people and the planet. The various fields in which Resicare glues can be applied are mainly textiles for tire stiffeners, plyboard and other applications related to glued wood.

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