"NFM Group Acquires French Defense Manufacturer Paul Boyé to Strengthen European Industrial Presence"

"NFM Group, a leading Norwegian company specializing in personal protection systems for military and security institutions, has acquired the French group Paul Boyé, a historic manufacturer in the defense and security sector. This strategic move aims to strengthen NFM Group's industrial presence in Europe and solidify its position as a market leader. The acquisition was supported by legal firms Belay Avocats and Nemrod Avocats, with various legal experts advising on transactional, corporate, and regulatory aspects. Paul Boyé, established in 1904, employs around 250 people in France and over 2,000 in Madagascar."

**Press Release Summary** Belay Avocats and Nemrod Avocats assisted NFM Group, a leading Norwegian player specializing in individual protection systems for armed forces and security institutions, in the acquisition of the French group Paul Boyé, one of the historical manufacturers in the defense and security sector. Akane Avocats represented the shareholders of Paul Boyé in this transaction. This strategic operation aims to strengthen NFM Group's industrial footprint in Europe and consolidate its position among the leaders in the sector. Established in 1996, NFM Group has rapidly grown from a small entrepreneurial company to a recognized international supplier of soldier systems, signing contracts with over 50 military and police authorities worldwide. Founded in 1904, Paul Boyé provides protective equipment and technical uniforms to armed forces, law enforcement, health services, and civil security, employing nearly 250 people in France and over 2,000 in Madagascar, where it operates an ISO-certified production facility. The team from Belay Avocats advising NFM Group on transactional and corporate aspects included Julia Elkael and Géraldine Eberhardt (Partners), along with Luftia Ewane (Associate). NFM Group was also advised by Nemrod Avocats, represented by Maxime Molkhou (Managing Partner) and Pierre-Ange Zalcberg (Counsel), focusing on defense aspects (contracts and regulatory). The shareholders of Paul Boyé were advised by Akane Avocats, represented by Laurence Louvet (Partner) on transactional and corporate matters.

"NFM Group Acquires French Defense Manufacturer Paul Boyé to Strengthen European Industrial Presence"

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