ECA Group

ECA Group Overview

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Founded: 1936

Workforce: NA

Company Working: The ECA Group operates as a subsidiary of the Gorgé Group. It is experienced in robotics, automation systems, simulation, and industrial processes. The ECA Group is also engaged in developing complete and innovative technological solutions for complex missions in hostile and confined environments. Through its robotics division, it provides AUVs for various applications such as pipeline inspection, platform surveillance, search and rescue, detection and classification, and intelligence. It serves its products and solutions for customers mainly operating in the defense, maritime, aerospace, simulation, energy, and industrial equipment.

Strategy

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Company Snapshot

$118.6M

Revenue

1936

Founded

La Garde, France

Headquarters

SWOT Analysis

Strengths

Good research & development capabilities
Strong focus on product development Wide products offering
Strong focus on product development
Wide products offering

Weaknesses

High dependency on robotics division

Opportunities

Growth opportunities in the Asia-Pacific
Focus on strategic collaborations & acquisitions

Threats

Increasing raw material prices

Key Developments

Date	Approach	Development
January 2020	Investment	ECA Group planned to invest in the development of its new plant in Ostend, Belgium. The plant will enable the company to provide unmanned systems to the Belgian and Dutch navies.
March 2019	Contract	ECA Group signed a 10-year contract worth USD 508.8 million (450 million Euros) with the Belgian navy. As per the terms of the contract, it will provide AUVs, towed sonars, and mine identification & destruction systems (MIDS) composed of ROV for the identification and destruction of mines, and the unmanned surface vehicles. It helped improve the company’s financial position in the global AUV market.
September 2018	Contract	ECA Group signed a contract with an undisclosed customer to provide its autonomous underwater vehicle AUV A18.
February 2018	Product Launch	ECA Group unveiled its medium-sized AUV, A18-M, dedicated to fighting submarine mines. It is compact and equipped with a high-quality imagery system explicitly designed for mine hunting. Due to the increasing demand for AUVs for mine detection, the launch of A18-M helped increasing its customer base globally.
February 2018	Agreement	ECA Group signed an agreement with Petrus, a global oil & gas services group. Under the agreement, the ECA Group provided its AUVs to the latter on lease for oil & gas for inspection and survey services.
June 2017	Contract	ECA Group signed a contract with a NATO Navy to provide its AUVs for mine warfare.
January 2017	Contract	ECA Group signed a contract with the French Navy and Royal UK Navy to provide six AUVs for the Navy’s MMCM program.

Product Offering

ECA Group
- Autonomous Underwater Vehicle (AUV)

Financial Performance

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