LISI GROUP - Integrated report 2020

LISI — 2020 INTEGRATED REPORT 19 1990-2001 Development through strong external growth After being floated on the Second Marché of the Paris Stock Exchange in 1989, the group strengthened itself over the following decade by acquiring more than fifteen companies in Europe and the United States. 2007-2010 A new division was created, LISI MEDICAL Between 2007 and 2010, LISI acquired four companies that manufactured dental implants or assembly systems (screws, pins) used in reconstructive surgery. In 2010, with the takeover of Stryker Corporation's hip prosthesis production site located in Hérouville-Saint-Clair, in Normandy, the group set up a new division, LISI MEDICAL. 2011-2014 LISI AEROSPACE started expanding in structural components With the takeover of Creuzet Aéronautique in 2011, followed by that of Manoir Aerospace in 2014, LISI AEROSPACE started expanding in “complex structural components”, complementary to the fasteners. Such diversification was for LISI AEROSPACE a means to acquire a new dimension in customer relations and establish itself among the major aerospace equipment manufacturers. Overall adaptation plan to the COVID-19 pandemic Affected by the impact of COVID-19 in its three business markets, x as of the first days of the crisis, LISI implemented a daily management protocol to meet several objectives: protect the health of employees, preserve cash flow and prepare for the future with a plan to adapt to new market conditions called NEW DEAL. 2016 LISI MEDICAL acquires a new business The acquisition of Remmele Medical Operations enables the medical division to expand its industrial operations in the United States and position itself in a new and very promising segment: the manufacture of minimally invasive surgical instruments. 2017-2018 LISI AUTOMOTIVE expands in the United States With the acquisition of the American companies Termax and Hi-Vol Products, LISI AUTOMOTIVE considerably bolsters its clipped fasteners and high added- value mechanical safety components business and takes on a global dimension: the division is now present in the 3 major regions for the production of automobiles: China, Europe and North America. 2019-2020 Refocusing activities on high added value solutions The Group is refocusing its activities on fastening solutions and high added value components. • LISI AEROSPACE sells two non-strategic subsidiaries: Indraero-Siren in France and LISI AEROSPACE Creuzet Maroc. • LISI AUTOMOTIVE sells its chassis screws, chassis studs and ball joints (St-Florent site) and its German subsidiary LISI AUTOMOTIVE Mohr Friedrich GmbH specializing in hot forging and producing in particular for the truck market. LISI becomes the owner of 100% of the capital of the American company Termax. 2002 The group was renamed LISI In 2000, the group acquired Rapid, which manufactured clips for automobiles. The manufacturing technologies differ between screws and clips, but the commercial approach and the profession are identical. The group harnesses the complementarity of products to stand out from its competitors and position itself as one of the only multi-specialist players in fasteners. It eventually did the same in aerospace with the 2003 acquisition of the Californian Monadnock. To better mark this positioning, the group took the name LISI in 2002: “Link Solutions for Industry”. 1977 The aerospace business kicked off In the 1970s, GFD acquired two aerospace subcontracting companies, thanks to the support of Blanc Aero Industries (BAI), a company specializing in aerospace fasteners. In 1977, GFD and BAI decided to merge to form Générale Financière et Industrielle (GFI). The operation was made possible thanks to an equity investment by the Peugeot family. Even today, the Kohler, Peugeot and Viellard families remain the major shareholders of LISI.