French engineering services company FIVA has acquired engineering support services provider Cadgile to develop a submarine design workforce.
Cadgile is a South Australian CAD design and drafting company with experience across a broad variety of sectors including defence, oil and gas, and mining.
FIVA has acquired Cadgile to fulfil the role of its design and drafting service provider in support of the work it is doing in the delivery of the Australian Future Submarine Program.
All staff, including managing director Gary McRae, will be retained under the deal. McRae believes that the opportunities created through FIVA’s acquisition of the firm he co-founded in 2005 will lead to significant growth for the Prospect-based business as well as its team of experienced designers and CAD practitioners.
"It is very likely that we’ll grow three or four-fold in as many years as a result of this transaction. My ongoing role will be to manage the firm under its new ownership and make sure we capitalise on the doors that will open for us as a result of our relationship with FIVA Group," explained McRae.
"It is a great opportunity to draw on the experience and relationships that FIVA has with leading companies like Naval Group, Navantia and many more. This is a tremendously exciting development for us as a business as well as the development of our staff is concerned."
Yannick Vergez, CEO of FIVA Group, said that Cadgile’s experience, capabilities and proven record were the main drivers of the decision to acquire the firm.
"Cadgile will play a critical role in helping us deliver submarine design services as part of our involvement in the submarine program and we are delighted to have found a local business of such a high calibre that we can rely on to deliver a world-class service," Vergez explained.
Cadgile will retain its name and will continue to operate out of its office in Prospect, at least until it outgrows it.
"This is great news for South Australia and adds an extra arrow to our quiver as the Defence State. FIVA Group has extensive experience in global projects, especially naval and defence applications, with a workforce of more than 270 engineers and technicians in France, Spain and Australia," McRae said.
Cadgile clients can access a full range of in-house 2D and 3D drafting services, from basic 2D layouts to more complex 3D modelling and design, and a wide variety of software packages are supported. A full end-to-end technical resourcing service is also available, including secondment, contracting and recruitment.
*This story has been updated since original publication