Matra (an acronym for Mécanique Aviation Traction) was a major French industrial conglomerate. Its business activities covered a wide range of industries, notably aerospace, defence, automotive, motorsports, transport and telecommunications.
Following the acquisition of vehicle manufacturer Automobiles René Bonnet, the company founded Matra Automobiles during the 1960s, which produced a limited range of racing and sports cars. Its car division worked closely with other vehicle manufacturers, most significantly Renault, prior to the decline and sale of Matra Automobiles during the early 2000s. In addition to road cars, Matra entered into a wide range of businesses, eventually diversifying into media, weaponry, aeronautics, automobiles, and music distribution.
Matra was at one point owned by the Floirat family. Throughout much of the company's existence, French businessman Jean-Luc Lagardère was the CEO of Matra. In 1988, Matra was privatised; Lagardère's stake in the company grew considerably over the following years.
In 1994, Matra became a subsidiary of the Lagardère Group and in February 1999, Matra Hautes Technologies (MHT), which represented the conglomerate's aerospace, defence and telecommunications arm, was merged with the French aerospace corporation Aérospatiale to form Aérospatiale-Matra (now Airbus). Several former assets of Matra continue to operate under the Lagardère name.
Privatization, bleeding through the Lagardère Group, sell-off of its profitable enterprises, and failure of its automotive division caught up and Matra went bankrupt in 2003.
Overview
During 1945, Matra (Mécanique Aviation Traction) was established, immediately beginning development of an ambitious twin-engine aircraft intended to be the fastest propeller-driven plane in the world. In 1951, the sound barrier was broken in horizontal flight for the first time in Europe by an aircraft using a Matra-built engine. During 1961, Matra became involved in the early European space programme, having been appointed as the first prime contractor for satellites.[1]
During 1963, French businessman Jean-Luc Lagardère was appointed CEO of Matra; he would be a key figure at the company for the following three decades. At the time of Lagardère's appointment, the firm had a workforce of 1,450.[1] During 1964, Matra became the owner of car manufacturer Automobiles René Bonnet. For a time, Matra was largely centred around its vehicle division, Matra Automobiles. However, within a decade, Matra had sold its road car division to American-owned car manufacturer Chrysler Europe, having shifted focus onto its other growing business activities.
During the 1970s, Lagardère pursued an overall strategy of merging Matra with various other companies, or acquiring them outright, to build up a conglomerate under the Matra brand.
Matra Automobiles
Matra had been involved in car manufacturing since the acquisition of Automobiles René Bonnet in 1963. The first road car to be sold under the Matra marque was the Renault-powered Matra Djet (pronounced "jet"), which was an update of the Bonnet Jet; the Djet was subsequently replaced with the Matra 530, Bagheera, the Murena and the Rancho, an early type of sport utility vehicle (SUV). At its peak, Matra Automobiles was manufacturing 60,000 vehicles per year at its plant in Romorantin-Lanthenay.
Lagardere, recognising the promotion value of the motorsport sector for garnering sales, decided that the company ought to be involved, leading to the creation of Equipe Matra Sports, which entered the French Formula 3 during 1965.[8] Throughout the mid-1960s, Matra enjoyed considerable success in Formula 3 and Formula 2 racing with its MS5 monocoque-based car, winning both the French and European championships. Matra competed as a constructor in Formula One from to [9] and as an engine supplier between and ,
Matra Hautes Technologies
Matra Hautes Technologies (MHT) was the defence arm of the firm. The division was involved in aerospace, defence and telecommunications.
During 1990, Matra Espace and the aerospace division of British electronics specialist GEC Marconi merged, creating Matra Marconi Space; the company had claimed this entity to have been the leading aerospace company in the European market at the time.[16] Six years later, Matra Défense and British missile manufacturer BAe Dynamics merged to form Matra BAe Dynamics, a leading weapons manufacturer in Europe as well as the third largest in the world at the time.[7] During February 1999, MHT merged with French aerospace conglomerate Aérospatiale to form Aérospatiale-Matra. On 10 July 2000, Aérospatiale-Matra merged with Spanish aircraft company CASA and German aerospace firm DASA
Further reading
External links
References
- History: 1945-1980 Lagardere, retrieved 26 March 2020^
- History Matra Électronique, retrieved 25 March 2020^
- MATRA - Véhicules Légers Electriques Matra-ms.com, 23 August 2012^