{"id":18593,"date":"2018-02-13T19:51:40","date_gmt":"2018-02-13T19:51:40","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2018\/02\/13\/ever-heard-of-texelis-the-french-firm-thinks-you-will\/"},"modified":"2026-08-07T21:44:57","modified_gmt":"2026-08-07T21:44:57","slug":"ever-heard-of-texelis-the-french-firm-thinks-you-will","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/industry\/2018\/02\/13\/ever-heard-of-texelis-the-french-firm-thinks-you-will\/","title":{"rendered":"Ever heard of Texelis? The French firm thinks you will."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PARIS \u2014 Texelis expects a large export boost for its vehicle chassis business after being <a href=\"https:\/\/www.defensenews.com\/land\/2018\/02\/12\/french-deal-with-nexter-texelis-to-provide-operational-superiority\/\" title=\"\" class=\"\" target=\"_blank\">awarded a contract with partner Nexter<\/a> for troop carriers for the French Army, the company\u2019s business development director, Jean Vandel, has told Defense News.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The privately owned company, which builds drivelines and axles, signed Monday <a href=\"https:\/\/www.defensenews.com\/industry\/2018\/02\/06\/nexters-very-good-2017-was-over-1b-better-than-2016\/\" title=\"\" class=\"\" target=\"_blank\">alongside Nexter<\/a> a contract to develop and build the Light VBMR, a four-wheel drive armored vehicle for the Army\u2019s intelligence and reconnaissance units.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That was a high-profile deal as armed forces minister, Florence Parly, procurement chief Joel Barre and Army Gen. Bernard Barrera attended the signing at Roanne, central France.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur aim is to have more than half turnover from exports,\u201d Vandel said. The French Army is well-respected, so winning that contract grants the company a \u201cflagship\u201d for foreign markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That deal will help the company compete with the main supplier in the world market, Unimog, he said. \u201cWe intend to come to this market with a brand-new level of technology.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Signing the deal makes Texelis to a joint prime contractor, bearing the company\u2019s hopes of becoming a brand name. The company was previously a subcontractor, supplying drivelines for the French VAB troop carrier and VBCI infantry fighting vehicle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company will supply \u201ceverything that enables the vehicle to move \u2014 everything between the engine and the wheels,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That includes the driveline, steering system and dashboard in the full \u201cmobility\u201d package, he said. The contract runs for 15 years and builds a direct link between the Armed Forces Ministry and the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Texelis\u2019 chassis contribution accounts for about a third of the contract value, with Nexter receiving a third for the armored hull and Thales a third for onboard electronics, Vandel said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The contract is expected to bring in annual sales of \u20ac15-20 million (U.S. $18-25 million) from 2020, he said. The company forecasts 2018 sales of some \u20ac100 million, up from \u20ac72 million last year. Profit is expected to be 5-8 percent of turnover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Defense will account for \u20ac45 million of sales, with the rest from civil business including \u20ac48 million from rail equipment, he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company is recruiting some 30 staff for development, and it plans to hire a similar number when serial production starts in 2021. The company employed 310 staff last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is a \u201cchallenging\u201d schedule with three years for development, he noted. The deal sets 689 as the minimum number of units ordered by 2025, with a total of 2,050 by 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An industry source said Soframe teamed with Safran to bid in the tender. Other bidders included Ineo and Renault Trucks Defense, which specializes in light military vehicles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Texelis was spun off in 2009 <a href=\"https:\/\/www.defensenews.com\/industry\/2017\/10\/31\/sale-of-renault-trucks-defense-comes-to-definitive-halt-for-now\/\" title=\"\" class=\"selected-link\" target=\"_blank\">from Renault Trucks<\/a> (a company separate from Renault Trucks Defense) when Philippe Frantz, a businessman in Limoges, beat three competing bids and became the main shareholder, business daily Les Echos reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signing this deal makes Texelis a joint prime contractor, bearing the company\u2019s hopes of becoming a brand name.<\/p>\n","protected":false},"author":7,"featured_media":36152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":12,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[160,46,11,12,14,36],"tags":[],"coauthors":[464],"class_list":["post-18593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-europe","category-global","category-industry","category-land","category-newsletters"],"acf":{"subheadline":"","legacy_arc_id":"ALJAQTM2C5DHPE4OGRMV2TA7YI","arc_canonical_url":"\/industry\/2018\/02\/13\/ever-heard-of-texelis-the-french-firm-thinks-you-will\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ever heard of Texelis? 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