Montilliers – August 7, 2023. Grolleau (ISIN Code: FR0014005ZM5 / Mnemonic: ALGRO) announces that it has lifted all the conditions precedent and signed the closing in Milan for the acquisition of a stake in OMP Mechtron, a European industrial player specializing in the manufacture of metal cabinets, frames and racks and structure of fast charging stations.
As a reminder, within the framework of this agreement, Grolleau takes an immediate stake of 49.9% of the capital of OMP. From 2025, Grolleau will be able to gradually increase its capital to reach 100% of the capital in 2026
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.
OMP MECHTRON, specialist in the manufacture of metal cabinets and structures for fast charging stations
With nearly 40 years of industrial history, OMP MECHTRON is an Italian company that manufactures sheet metal assemblies and functional sub-assemblies, ready to be integrated, on behalf of a wide range of leading customers worldwide. The latter are present on common markets with Grolleau (telecom, rail and energy), which offers solid commercial synergies for the Group.
The new entity will double the size of Grolleau from 200 employees on December 31, 2022
to more than 500 employees
.
The Group will thus be present beyond the borders with 4 industrial sites (France (Angers), Italy (Milan), Mexico (Guadalajara) and China (Shanghai)).
Grolleau will thus be able to offer its existing customers quality international support and expand its business opportunities in new global markets.
Combined General Meeting on September 11, 2023
Grolleau will communicate on the detailed terms of the operation and its governance in a dedicated press release in view of the next General Meeting of Shareholders to be held on
September 11, 2023 (see BALO n°93 of August 4, 2023).
As part of this operation, Grolleau was assisted by the law firms CastaldiPartners and Pedersoli, RSM for the financial review and the firms Studio Porta and Studio Vignoli for the tax aspects. Atout Capital acted as Financial Engineering Advisor.
Find all the information about Grolleau on: www.grolleau-bourse.com
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ABOUT GROLLEAU Founded in 1950, Grolleau is a French industrial player specializing in the supply of infrastructure equipment to support the development of smart cities and territories ( Smart Territory ) booming with the deployment of 5G and connected objects. Grolleau is the recognized specialist in outdoor equipment for the protection and securing of critical technologies that ensure the proper functioning of territories (energy and water management, connectivity and telecommunications, green mobility, smart grid). Grolleau is the French number 1 in urban cabinets (telecoms / energy) throughout the territory and the 1 er French manufacturer of on-street electric charging stations. French designer, manufacturer and integrator of its equipment, Grolleau controls the entire value chain, from design to delivery, on its industrial site in Montilliers (Angers) over more than 60,000 m 2 and employs 200 people. The company generated revenue of €34.1 million as of March 31, 2023 and intends to more than double its revenue between 2021-2022 and 2025-26. |
INVESTOR RELATIONS
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Anne-Pauline PETUREAUX
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PRESS RELATIONS
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Amaury DUGAST
Such. 01 53 67 36 74
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See press releases of February 13 and June 29, 2023
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Full and original press release in PDF format:
https://www.actusnews.com/news/81423-cp_grolleau_closing_omp_04082023.pdf
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