Mersen
{{Short description|French electrical power and advanced materials company}}
{{Infobox company
| name = Mersen SA
| logo = Mersen logo.svg
| logo_size = 200px
| type = Société anonyme
| traded_as = {{Euronext|MRN|FR0000039620|XPAR}}
CAC Mid 60
| foundation = 1891
| defunct =
| location_city = La Défense
| location_country = France
| locations =
| area_served = Worldwide
| key_people = Luc Themelin
(CEO)
Olivier Legrain (Chairman)
Thomas Baumgartner (Chief Financial Officer)
| industry = Expert in Electrical Power and Advanced Materials
| products = * Artificial graphite parts
- SIC material
- Carbon felts
- Carbon Brushes
- Heat exchangers
- Industrial fuses
- Bus bars
- Cooling devices
- Capacitors
- Pantograph strips
| revenue = €923 million (2021)
| operating_income = €102.1 million (2019){{Increase}}
| net_income = €58.4 million (2021)
| num_employees = 6,968 (2021)
| homepage = [https://www.mersen.com www.mersen.com]
}}
Mersen, previously called Carbone Lorraine, is a French international company in electrical power and advanced materials. In 1937, the company was admitted to Bourse de Paris.
History
Mersen, previously named Carbone Lorraine (until May 20, 2010), was created in 1891 by the Compagnie lorraine de charbons pour l’électricité in Pagny-sur-Moselle (Lorraine), where the Group still owns a plant.{{Cite web |date=2010-04-14 |title=Carbone Lorraine se rebaptise " Mersen " pour verdir son image |url=https://www.lesechos.fr/2010/04/carbone-lorraine-se-rebaptise-mersen-pour-verdir-son-image-422146 |access-date=2022-11-30 |website=Les Echos |language=fr}} In 1937, it merged with Le Carbone, a company based in Gennevilliers, (Hauts-de-Seine) where the Group kept and operated the original plant. File:Usine Carbone Lorraine (1948).pngLa Compagnie lorraine de charbons pour l’électricité was founded in Meurthe-et-Moselle in1891. It first manufactured motors, dynamos and lighting lamps before producing « carbons » for electric lighting. At the same time, Le Carbone, founded in 1892 in Paris, produced brushes for electric motors. In 1893, Charles Street, an engineer at Le Carbone, discovered and patented the process of carbon graphitization which allowed the manufacture of synthetic graphite.{{Cite book|url=https://archive.org/details/franzlisztagness0000lisz|url-access=registration|quote=charles street carbone lorraine.|title=Franz Liszt and Agnes Street-Klindworth: A Correspondence, 1854-1886|last1=Liszt|first1=Franz|last2=Saffle|first2=Michael|last3=Street-Klindworth|first3=Agnes|date=2000|publisher=Pendragon Press|isbn=9781576470060|language=en}} He patented his idea under the title « Continuous electric furnace system »{{Cite web|url=http://www.leparisien.fr/hauts-de-seine-92/a-100-ans-la-societe-mersen-garde-une-sante-de-fer-28-10-2014-4245677.php|title=A 100 ans, la société Mersen garde une santé de fer|date=2014-10-28|website=leparisien.fr|language=fr-FR|access-date=2019-07-26}}
During the 80s, Groupe Pechiney acquired a majority stake (61 percent) in Carbone Lorraine and financed an expansion and diversification process. The company expanded beyond its core production of graphite brushes, starting to manufacture carbon–carbon disc brakes for racing motorcycles and developing specific components for nuclear and aerospace industries
In addition, it acquired a number of competitors such as Ferraz, one of the biggest manufacturers of fuses and electrical protection systems.{{Cite web|url=https://www.zonebourse.com/CARBONE-LORRAINE-4625/actualite/Carbone-Lorraine-Ferraz-Shawmut-s-empare-de-Lenoir-Elec-256064/|title=Carbone Lorraine: Ferraz Shawmut s'empare de Lenoir Elec.|website=www.zonebourse.com|date=23 November 2006 |language=fr|access-date=2019-07-26}} Then, it took the control of Stackpole, which led it to become one of the world leaders in graphite production.{{Cite web|url=http://www.fundinguniverse.com/company-histories/carbone-lorraine-s-a-history/|title=History of Carbone Lorraine S.A. – FundingUniverse|website=www.fundinguniverse.com|access-date=2019-07-26}}
In 1995, Pechiney sold 21% of its stake to Paribas Affaires Industrielles (PAI).{{Cite web|url=https://www.lesechos.fr/1995/04/le-carbone-lorraine-quitte-le-giron-du-secteur-public-854906|title=Le Carbone Lorraine quitte le giron du secteur public|date=1995-04-07|website=Les Echos|language=fr|access-date=2019-07-26}} In the following years, Carbone Lorraine strengthened its position by making acquisitions in Europe and in the United States, in particular in 1999 the acquisition of the Gould-Shawmut Protection Electrique division; enabling it to become a leader in power semiconductor protection. Paribas sold its Carbone Lorraine shares on the market in 2005.{{Cite web|url=https://www.edubourse.com/finance/actualites.php?actu=20356|title=Carbone Lorraine - Sale of BNP Paribas' 21% interest - 25% increase in the free float|website=www.edubourse.com|access-date=2019-07-26}}
In May 2010, the General Shareholders' Meeting approved the change of name of the group proposed by management. Carbone Lorraine became Mersen.{{Cite web|url=http://www.leparisien.fr/hauts-de-seine-92/a-100-ans-la-societe-mersen-garde-une-sante-de-fer-28-10-2014-4245677.php|title=A 100 ans, la société Mersen garde une santé de fer|date=2014-10-28|website=leparisien.fr|language=fr-FR|access-date=2019-07-26}} This name is a tribute to Marin Mersenne, a 17th-century mathematician and philosopher, and is also the acronym for Material, Electrical, Research, Sustainable, Energy.
Luc Themelin is Mersen’s Chief Executive Officer since May 11, 2016. He joined Mersen in 1993 as a Research and Development engineer.{{Cite web |date=2017-12-18 |title=L'organigramme de Mersen |url=https://www.lesechos.fr/idees-debats/leadership-management/lorganigramme-de-mersen-1245948 |access-date=2022-11-30 |website=Les Echos |language=fr}}{{Cite journal |last=Parrino |first=Béatrice |date=2016 |title=État Major Mersen |journal=Le Point}} In 2018, the Group announced having won a contract with Longi, one of the Group’s historical partners in the solar market in China.{{Cite web |title=Capital - Actualités économiques, bourse & finance |url=https://www.capital.fr/entreprises-marches/mersen-decroche-un-contrat-de-plus-de-10-millions-deuros-en-chine-1265123 |access-date=2022-11-30 |website=Capital.fr |language=fr}} In 2020, Mersen announced the signature of a long-term agreement with the Marquardt Group.{{Cite web |last=Fassot |first=Frédéric |date=2020-12-14 |title=Fusible pour véhicule électrique : Mersen remporte un contrat potentiel de 20 à 25 M€ |url=https://vipress.net/fusible-pour-vehicule-electrique-mersen-remporte-un-contrat-potentiel-de-20-a-25-me/ |access-date=2022-11-30 |website=VIPress.net |language=fr-FR}} In 2021, Mersen announced the signing of an order worth more than 2 million euros with RongXin Power Electronic.{{Cite web |title=Mersen : contrat de 2 ME avec RXPE |url=https://www.boursier.com/actions/actualites/news/mersen-contrat-de-2-me-avec-rxpe-846091.html |access-date=2022-11-30 |website=Boursier.com |language=fr}} That year, Mersen also announced a strategic technical partnership with Soitec to develop a new family of silicon carbide substrates for the electric vehicle market.{{Cite journal |last=Nouvelle |first=L'Usine |date=2021-12-07 |title=Le français Mersen veut tripler son activité pour les semi-conducteurs d'ici à 2030 |url=https://www.usinenouvelle.com/editorial/le-francais-mersen-veut-tripler-son-activite-pour-les-semi-conducteurs-d-ici-a-2030.N1166617 |language=fr}}{{Cite web |last=Eremian |first=Christelle |date=2021 |title=Soitec et Mersen deviennent partenaires pour développer de nouveaux substrats en SiC destinés au marché des véhicules électriques |url=https://www.electroniques.biz/economie/fabricants/soitec-et-mersen-deviennent-partenaires-pour-developper-de-nouveaux-substrats-en-sic-destines-au-marche-des-vehicules-electriques |website=Electroniques}}
Acquisitions
Activities and markets
Mersen provides its products and solutions to many markets like the renewable energies (solar, wind), the semi-conductors,{{Cite web |date=2016-10-06 |title=Mersen: lancement d'un produit d'isolation Calcarb. |url=https://votreargent.lexpress.fr/bourse-de-paris/mersen-lancement-d-un-produit-d-isolation-calcarb_1838147.html |access-date=2022-11-30 |website=VotreArgent.fr |language=fr}} the electric vehicles,{{Cite web |date=2022-03-16 |title=Des objectifs 2025 ambitieux chez Mersen, bien positionné dans les semi-conducteurs et le véhicule électrique |url=https://investir.lesechos.fr/actu-des-valeurs/la-vie-des-actions/des-objectifs-2025-ambitieux-chez-mersen-bien-positionne-dans-les-semi-conducteurs-et-le-vehicule-electrique-1857479 |access-date=2022-11-30 |website=Investir |language=fr}} or the railways. To this end, the group is structured around two segments. The Advanced Materials segment which develops equipment and technologies for high temperature resistance,{{Cite web |date=2010-02-04 |title=INTERVIEW Carbone Lorraine vise plus que jamais l'énergie |url=https://investir.lesechos.fr/actu-des-valeurs/la-vie-des-actions/interview-carbone-lorraine-vise-plus-que-jamais-lenergie-1606262 |access-date=2022-11-30 |website=Investir |language=fr}} protection against corrosion{{Cite web |date=2020-10-01 |title=L'usine amiénoise de Mersen a de l'énergie à revendre |url=https://www.courrier-picard.fr/id130222/article/2020-10-01/lusine-amienoise-de-mersen-de-lenergie-revendre |access-date=2022-11-30 |website=Courrier picard |language=fr}}{{Cite web |date=2018-03-08 |title=Alstom, Mersen, Rexel et Spie |url=https://investir.lesechos.fr/actu-des-valeurs/etudes/alstom-mersen-rexel-et-spie-1769878 |access-date=2022-11-30 |website=Investir |language=fr}} and Electric Power Transfer.{{Cite web |date=2022-06-01 |title=Entretien avec Thomas Baumgartner, Directeur financier de Mersen : " Le groupe entame une période d'investissements industriels importants " |url=https://www.lalettredelabourse.fr/actualites/2022/06/01/entretien-avec-thomas-baumgartner-directeur-financier-de-mersen-le-groupe-entame-une-periode-dinvestissements-industriels-importants/ |access-date=2022-11-30 |website=La Lettre de la Bourse |language=fr-FR}} The other segment focuses on the Electrical Power with power conversion and equipment and people protection.{{Cite news |date=2022-03-28 |title=La nouvelle jeunesse de Mersen |language=fr-FR |work=La Croix |url=https://www.la-croix.com/Economie/nouvelle-jeunesse-Mersen-2022-03-28-1201207327 |access-date=2022-11-30 |issn=0242-6056}}
= Global footprint =
File:Site Mersen de Bommasandra, Inde.jpg
Mersen has 53 manufacturing sites in 35 countries on five continents:{{Citation |last=Martinich |first=Matthew |title=Mormons in North America, Latin America, the South Pacific, Europe, Africa, and Asia: An Overview |date=2020 |url=http://dx.doi.org/10.1007/978-3-030-52616-0_11 |work=The Palgrave Handbook of Global Mormonism |pages=323–341 |place=Cham |publisher=Springer International Publishing |doi=10.1007/978-3-030-52616-0_11 |isbn=978-3-030-52615-3 |s2cid=229252131 |access-date=2022-11-30|url-access=subscription }} 22 sites in Europe, 13 in North America and Asia-Pacific and 5 in South America and Africa.{{Cite web |title=Regards de dirigeants #9 : Luc Themelin, Mersen |url=https://www.techniques-ingenieur.fr/actualite/articles/regards-de-dirigeants-9-luc-themelin-mersen-88846/ |access-date=2022-11-30 |website=Techniques de l'Ingénieur |language=fr-FR}} The Group has also 18 R&D centers.
The percentage of the 2021 turnover of 923 M€ by region is: 34.5% in Europe, 32.5% in North America, 30% in Asia Pacific, 3% in South America and Africa.{{Cite web |last=Bourse |first=Zone |title=Mersen : Résultats annuels 2021 {{!}} Zonebourse |url=https://www.zonebourse.com/cours/action/MERSEN-9632901/actualite/Mersen-Resultats-annuels-2021-39773914/ |access-date=2022-11-30 |website=www.zonebourse.com |language=fr}}
Shareholder
List of major shareholders as of October 30, 2021.{{Cite web |last=Bourse |first=Zone |title=MERSEN : Actionnaires Dirigeants et Profil Société {{!}} MRN {{!}} FR0000039620 {{!}} Zonebourse |url=https://www.zonebourse.com/cours/action/MERSEN-9632901/societe/ |access-date=2022-11-30 |website=www.zonebourse.com |language=fr}}
class="wikitable" |
Bpifrance Participations SA / Private Equity
|10,8% |
Janus Henderson Investors UK Ltd.
|4,96% |
CDC Croissance SA
|4,89% |
Invesco Advisers Inc.
|4,88% |
Norges Bank Investment Management
|4,00% |
Dimensional Fund Advisors LP
|3,01% |
Sycomore Asset Management SA
|2,97% |
The Vanguard Group
|1,93% |
Canaccord Genuity Wealth Ltd.
|1,58% |
Oddo BHF Asset Management SAS
|1,55% |
References
{{Reflist}}
{{Authority control}}
Category:Manufacturing companies of France