Serma Group

Serma Group is a French-based specialist in the testing, security and development of embedded electronics, mainly used in harsh environment.
Created in 1991, Serma has developed as a world-recognized specialist of electronics, through a good balance of sustained organic growth and acquisitions of predominantly testing labs and associated services.
It is today organized under 4 synergetic business units, offering to its clients includes a wide portfolio of services which address the whole value chain, including (i) material and components, chips and systems testing, (ii) safety and cybersecurity, (iii) embedded systems engineering, and (iv) micro-electronics.
Main end-industries are aeronautics, aerospace, transportation, military, oil & gas and telecoms.
Chequers invested in the company in June 2018 alongside management.


Value creation

Chequers intends to back management’s strategy in electronics focused on testing services, cybersecurity and electric power vehicle, as well as targeted external growth to complement current offering.

Investment year
Turnover at acquisition
Type of operation
Business sector
B2B/B2C - Services