New METALLIANCE SA Ownership Announced

METALLIANCE SA, a world leader in the supply of MSVs and related specialist equipment to the tunnelling and mining industries worldwide, has been acquired wholly by CORAIL-TUNNELIER SAS with effect from 1^stAugust 2024.  The new company will maintain METALLIANCE as the brand name.

CORAIL-TUNNELIER SAS is a Consortium made up of:-

• CORAIL-SM, financed by two private investment firms: Coral Reef Capital, with a particular focus on the energy, materials and industrial services sectors, and Sandton Capital Partners, supporting complex business transitions.
• Marceau Schlumberger, founder of Coral Reef Capital, capital investment specialist, currently serves on the board of directors of Shawnee Oil Company, Krewe Energy, Rawhide Mining, Gulfstar Resources, Western Exploration, and ROC Service Company.
• Steve Filipov, with 30 years’ of global industrial expertise and leadership at the head of international groups, Terex Corporation and recently CEO of Manitex International.
• MINING EQUIPMENT LTD, with 40 years’ experience worldwide in underground equipment (locomotives, rolling stock, mine hoists, mine winches, and ventilation equipment).
• NOVIUM, a French leading company in special-purpose machinery, for rail works, public works and land and sea-based defence equipment.

CORAIL-TUNNELIER SAS is undertaking a new organizational restructuring with Steve Filipov as the new CEO, Marceau Schlumberger as Chief Financial Officer and Patrick Dubreuille as Deputy Managing Director.

In a joint statement, Filipov, Schlumberger, and Dubreuille said, “Our 100-day Plan is being implemented with initial investments being made to stabilize our production and start implementing improvement processes in our manufacturing footprint. Our primary priority is to put METALLIANCE on a firm financial footing and to deliver all current orders as quickly as possible, with ongoing jobsite services support and spares parts management.

“Our long-term strategy is to continue to invest and grow METALLIANCE products globally with developments in innovation, especially within the electrical vehicle technology.

“We look forward to a productive and prosperous future together with all our Clients and Suppliers and we would like to thank you for your patience during this complex process.