# Corail-SM acquires Metalliance

Corail-SM, a joint venture led by Coral Reef Capital, has acquired Metalliance after the Dijon Commercial Court accepted its takeover offer, investing €10 million to restart production and preserve 145 jobs.

- Type: Acquisition
- Announced: 2024-07-31
- Where: Saint-Vallier, France, France
- Value: $10.9M (10.0M EUR)
- Jobs: 145
- Status: completed
- Products: logistics vehicles, terminal tractors, airport tow tractors
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Corail-SM](https://endata.com/companies/78991.md)
- [Metalliance](https://endata.com/companies/48359.md) (target)
- [Coral Reef Capital](https://endata.com/companies/78992.md) (investor)

## Sources

- [worldcargonews.com](https://www.worldcargonews.com/news/2024/08/corail-sm-takes-metalliance/), 2024-08-05: "It is possible to preserve 145 jobs and save an industrial activity with a strong economic impact at the local level in the Saône-et-Loire industrial basin."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.