Altec

Altec is a French company that specializes in designing and manufacturing agricultural machinery focused on improving forage distribution and management for farmers. Altec, headquartered in France, designs and manufactures agricultural machinery to enhance forage management. The company was acquired by Avenir Entreprises Mezzanine (FSI Régions) and MPcroissance in September 2012. Charles Nayagam and Quangdzung Nguyen currently serve as the CEOs of the company.

Altec specializes in agricultural machinery designed to improve forage distribution efficiency. Its product range includes unrolling machines, straw spreaders, and handling equipment tailored to the needs of livestock farmers. The company’s equipment, such as bale grabs and wrapping clamps, is built for robustness and reliability, catering to both small and large farming operations across France, Switzerland, and other European regions. In 2018, Altec reported a revenue of USD 4.

32 mn with an EBITDA of USD -40,276. The company generates income primarily through B2B sales of its agricultural machinery, focusing on tailored equipment for specific operational needs, supported by partnerships with distributors and retailers. Altec aims to expand its product line with new agricultural machinery designed to meet evolving market demands, although specific launch dates are not mentioned. The company is looking to enter new markets and geographic regions by leveraging its existing relationships within France and Switzerland.

Recent funding from the 2012 acquisition will support these growth initiatives, enhancing its manufacturing capabilities and market reach.