The Trigo Group has joined forces with The PIC Group, a Canadian provider of quality solutions to automotive and manufacturing industries in North America. No financial terms were disclosed. France’s Trigo said the merger of the companies will create the “largest and most comprehensive breadth of quality services being offered globally in the market today.” Trigo, which provides quality inspection, engineering and management services to manufacturers, is majority owned by European private equity firm IK Investment Partners. Oshawa, Ontario-based PIC is Trigo’s third add-on acquisition since IK bought the business in August 2011.
TRIGO and PIC to Join Forces
November 04, 2015
PARIS–(BUSINESS WIRE)–The TRIGO Group, an international provider of operational quality solutions headquartered in Paris, France, and The PIC Group, a North American leader of 3rd party quality solutions, have joined forces. The PIC Group, headquartered out of Ontario Canada with locations in Canada, USA, and Mexico, has been servicing the automotive and manufacturing industries for over 30 years. The merger between the two companies will create the largest and most comprehensive breadth of quality services being offered globally in the market today.
As these two market leaders merge, a single global provider of quality services will be created with geographic coverage second to none. With over $230 Million in annual sales, a strong financial balance sheet, and a seasoned workforce recognized for their know-how and expertise in quality systems and controls, they are well positioned to dominate the marketplace internationally. Their global network of ~7000 quality professionals across 20 countries worldwide is impressive. This creates a unique value proposition, allowing leading manufacturers the ability to secure their quality performance all along the supply chain. Combine this expertise with the utilization of state-of-the-art technology, and a powerhouse of quality services has emerged.
A merger of this magnitude will be most welcome by manufacturers worldwide. With the ongoing globalization of supply chains and manufacturing footprints within the automotive and aerospace industries, also comes a requirement to provide global resources and support at a higher level than ever before. The merger between TRIGO and PIC will ensure that the highest level of quality performance is achieved at every step of the supply chain, enabling manufacturers to meet even the most demanding quality requirements. With a comprehensive portfolio of quality services and their distinct ability to design, create, and implement customized solutions, customers can turn to TRIGO–PIC to receive an unmatched level of service and expertise. Manufacturers many now turn to one source globally for all of their quality needs.
“This merger between TRIGO and PIC will enable us to provide global coverage to our clients. With the distinctive know-how, expertise, and reputation of PIC in North America, we will be able to expand the delivery of our quality services not only geographically for our existing automotive clients, but also better service for our aerospace customers,” said Matthieu Rambaud, TRIGO Group’s CEO.
“These are exciting times. This merger will benefit our clients immensely as they will now be able to source one provider to meet their quality needs globally. In addition, given TRIGO’s expertise in aerospace, North American aerospace manufacturers now have a high level solution provider to assist in meeting their stringent quality requirements. A merger of this magnitude will benefit customers and employees alike, taking us to new levels of quality and service,” declared Al Duffy, founder and President of The PIC Group.
Following the acquisitions of Qualitaire in 2012 and Global Q in 2015, this merger with The PIC Group is another milestone in the successful deployment of TRIGO’s “buy-and-build” strategy, supported by IK Investment Partners as majority shareholder since 2011, which aims at building TRIGO as the global leader of quality solutions for the transportation industry.
About The TRIGO Group
Founded in 1997, TRIGO is a multinational company providing Quality Management solutions for the manufacturing sector, particularly within the transportation industries. With annual revenues of ~150 M€ and a team of more than 5000 professionals present in 20 countries, TRIGO offers a comprehensive portfolio of Quality Inspection, Engineering, and Management Services to its customers, including Airbus, PSA, General Motors, Audi Hungaria, Daimler, Robert Bosch, and many other international manufacturers.
For more information, please visit www.trigo-group.com
About The PIC Group
Founded in 1985, The PIC Group first began by offering a variety of training seminars. They quickly grew their business by responding to the needs of their customers with cost effective and innovative quality solutions including Quality Inspection, Engineering, and Training. Today, PIC services the automotive and manufacturing sectors in North America, including many major auto manufacturers and their Tier 1 supply base. PIC employs nearly 2000 quality specialists focused on assisting customers in containing and resolving their quality problems quickly and efficiently by offering both short and long-term solutions.
For more information, please visit www.thepicgroup.com
Sibylle Descamps, M. +33 (0)6 82 097 007
Photo courtesy of IK Investment Partners