Sofema was created in 1997 from the merger of two utility companies (Ofema and Sofma), responsible for supporting and guiding the foreign sales of large French aeronautic and defence groups. Its first President (until 2001) was the
Préfet Ivan Barbot (former president of Ofema) who oversaw the privatisation of the company in 1998 around a core group of important shareholders including
EADS,
Safran (born from the merger of
Snecma and
SAGEM),
DCNS,
Thales,
NEXTER SYSTEMS (formerly GIAT),
Dassault Aviation (represent by
Eric Trappier),
Renault Trucks (Volvo Group). Appointed CEO and chairman in 2001, General (CR) Bernard Norlain embarked on a policy of diversification in response to a gradual erosion of its core business – due, particularly, to the establishment of sales teams within its holding. In 2007, under the leadership of its new chairman and CEO,
Guillaume Giscard d'Estaing, Sofema underwent a profound shift in its business. In effect, the company passed in just a few years from playing a role as intermediary in large French export contracts, to selling renovated land, air and sea equipment. Products include the
VBC-90 internal security vehicle,
Véhicule de l'Avant Blindé APC, and
Aérospatiale Alouette III helicopter, in addition to the
AML and
Eland series of light
armoured cars. == Sofema operations ==