Visit today to the EUROSATORY trade show in Villepinte: strong attendance and numerous exhibitors reflecting the strength and current appeal of the defence sector, as well as the diversity of its players.
I was also able to note the presence of many groups supplying protective equipment to the armed forces, police and intervention units. They too are benefiting from the enthusiasm surrounding the defence sector and anticipate favourable years ahead despite constrained public budgets.
The "military PPE" segment is also active in M&A:
- October 2025: acquisition by NFM GROUP, a Norwegian manufacturer of protective equipment for the armed forces and law enforcement, of 100% of the French group PAUL BOYE;
- April 2026: acquisition by the fund CERES INDUSTRIES CAPITAL of a majority stake in SEYNTEX, a Belgian manufacturer of protective clothing for law enforcement and the armed forces.
