Where is Saur headed next?

A newly announced growth plan looks like the latest step in a carefully crafted process to prepare Saur for sale. Ian Elkins asks whether it will remain in French hands.

Like any private equity firm worth its salt, Saur’s creditors-turned-shareholders have essentially been prepping the business for a profitable exit ever since they found themselves with a substantial equity position in the wake of a 2013 recapitalisation.

By selling off non-core divisions and right-sizing both the struggling engineering division and the historically loss-making legacy...

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