Negotiations are open between Peugeot Frères Industrie, a subsidiary of the Peugeot family group, and Holding Tivoly for the first to acquire a majority stake in the second. In the event of an agreement, Holding Tivoly will file a public tender offer for the shares of Tivoly SA. For now, discussions revolve around an amount of €41.5 per Tivoly share, valuing the company at around €42 million.
This desire to take over is part of a strategy of strengthening Peugeot Industrie’s tooling sector. The company, whose name now evokes cars more than tools, was nevertheless created in 1810 in this market. Peugeot is still present in the field of tools and has a minority stake in the Sigma group which operates the Peugeot Outillage brand. In 2018, a new line of Peugeot-branded cordless power tools was launched. We recently tested one of the brand’s hammer drills, the EnergyDrill 18VPBL2.
Tivoly is a brand well known to DIY enthusiasts since it offers a wide range of drill bits, bits and blades distributed throughout France. The 600 employees of the company based in Tours-en-Savoie, near Albertville, also work for high-tech sectors such as aeronautics and medical. Tivoly is thus present in France, Spain, the United Kingdom, China and the United States. The current CEO of Tivoly SA, Jean-François Tivoly, will not leave the ship after the takeover since he will take over the chairmanship of the company’s board of directors.