French holding Axfor wins court approval to acquire Tech Power Electronics

What's the deal? A French appeals court in Besançon has confirmed the acquisition of Tech Power ElectronicsDealroom has a profile for this one. Try Dealroom → by French holding company Axfor, ending months of uncertainty. The court upheld the initial ruling of the Lons-le-Saunier commercial court, definitively validating the deal. Financial terms were not disclosed.

Who's involved? Tech Power Electronics specialises in winding and electronic solutions, with sites in Courlaoux in the Jura and Montville in Seine-Maritime. It had been owned since 2023 by German investment fund PaleroDealroom has a profile for this one. Try Dealroom →, within the Tech Power Electronics GroupDealroom has a profile for this one. Try Dealroom →.

Why now? The company was placed in receivership in January 2026. The Lons-le-Saunier commercial court selected Axfor's offer in late June, but the deal was challenged in early July by a prosecutor's appeal, temporarily returning control to former shareholders and raising fears of a break-up.

The layoffs: The rescue plan includes the elimination of 30 of the 61 jobs at the Jura site — roughly half the workforce there. Despite the cuts, employees backed the Axfor offer; around 30 workers went on strike and blocked the factory for several days, fearing equipment would be transferred to other group sites.

Why it matters: Jura MP Danielle Brulebois stressed the national significance of the case. Tech Power Electronics makes electronic boards and wound components for the nuclear, rail, and defence sectors, supplying clients including SNCFDealroom has a profile for this one. Try Dealroom →, RATPDealroom has a profile for this one. Try Dealroom →, FramatomeDealroom has a profile for this one. Try Dealroom →, MBDADealroom has a profile for this one. Try Dealroom →, Safran, Thales, and Alstom.

The signal: The dispute framed the deal as an industrial sovereignty issue. "Seeing them leave, with the machines and the know-how, would have durably weakened our industrial sovereignty," Brulebois said (translated from French), noting that sovereignty "is also decided in our territories, on sites of a few dozen employees."

Read more: vipress.net

Image credit: Christiaan Colen