Crédit Agricole des Savoie Supports Savoy International's Growth

Crédit Agricole des Savoie, along with Amundi Private Equity Funds (PEF) via its Arve Industries Capital fund, is supporting the development of the Savoy International group. The company is a significant entity in the mechatronics sector located in Haute-Savoie.

Savoy International, whose subsidiary Cartier Technologies is a major group, operates in precision parts for the automotive, home automation, and telephony markets. The group boasts an annual turnover exceeding 93 million euros and also engages in plastics and metalworking.

This investment aligns with the "Expansion 2020" plan, initiated to boost the industrial fabric of the Savoie region. The plan aims for sustained revenue growth, increased exports, and enhanced investment in research and development, alongside job creation.

Key strategic priorities for Savoy International include innovation, moving up the value chain, focusing on its core business, and international expansion. The group also plans to leverage lean manufacturing principles to boost productivity. Other regional investors participating in this development phase include Crédit Agricole Alpes Développement (C2AD) and BNP Paribas Développement.