ONE GLOBAL GROUP
Somfy operates in 59 countries and is the world leader in automatic controls for openings and closures in homes and buildings. It offers a range of motorized solutions and control points and is a key player in smart home systems.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
Acquisition by Somfy Participations of the bare ownership of Pellenc SA shares held by its founder Roger Pellenc
24/09/2014
Press release
24 September 2014
Acquisition by Somfy Participations of the bare ownership
of Pellenc SA shares held by its founder Roger Pellenc
Somfy Participations, Somfy's investment division, on the one hand, and Roger Pellenc and his partners on the other, have signed an agreement for the acquisition by Somfy Participations of the bare ownership of all the Pellenc SA shares still held by Roger Pellenc and his partners (representing 51.36% of the share capital).
The latter parties will retain the usufruct of these shares until it automatically expires by 30 June 2017 at the latest.
Somfy Participations already owns (since the end of June 2011) full ownership of 47.23% of Pellenc SA shares.
The purchase of the bare ownership of these shares, still subject to a number of conditions precedent, could be implemented at the end of 2014 or very early in 2015.
Roger Pellenc will remain Chairman of the company until the usufruct expires and will lead day-to-day operations in close collaboration with Somfy Participations to ensure a smooth transfer of ownership.
Pellenc SA is a medium-sized company with sales of almost €180 million specialised in the design and manufacturing of:
- wine and olive growing equipment (harvesters, presses, sorting machines, etc.)
- innovative handheld power tools designed for professionals in the fields of wine growing, fruit growing and green and urban space maintenance (secateurs, hedge trimmers, leaf blowers, etc.).
About Somfy
The Somfy Group is structured as two separate branches: Somfy Activities, which is dedicated to the automation and control of openings and closures in residential and commercial buildings (screens, gates, doors, blinds, curtains, shutters etc.), and Somfy Participations, which is dedicated to investments and equity shareholdings in industrial companies operating in other business sectors.
About Somfy Participations
Somfy Participations invests in mid-sized companies whose activities lie outside of Somfy's core business. Somfy Participations intends to be an active partner for its affiliated companies in order to help them benefit from its experience, resources and know-how and help them maximize their strengths. Somfy Participations targets companies whose business model it understands and that share its entrepreneurial values.
Contacts
Pierre Ribeiro (Chief Financial Officer): +33 4 50 40 48 49 / Jean-Michel Jaud (Communication Director):
+33 4 50 96 70 65 / Arnaud Monnin: +33 1 44 50 51 77