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Bpifrance announces the eighth investment of the Lac1 fund with an investment in the capital of VusionGroup, world leader in digital solutions for physical commerce
https://presse.bpifrance.fr/bpifrance-announcement-le-huitieme-investment-du-fonds-lac1-avec-une-prise-de-participation-au-capital-du-vusiongroup-leader-mondial-des- digital-solutions-for-physical-commerce/
Paris, March 7, 2024 – VusionGroup’s capital investment constitutes the eighth of the Lac1 fund, managed by Bpifrance on behalf of French and international investors and dedicated to long-term support for large listed French companies. With this acquisition, Bpifrance affirms its confidence in the VusionGroup development strategy implemented by its managers.
VusionGroup is the world leader in digitalization solutions for physical commerce, whose clients include more than 350 large food and specialized distribution groups in Europe, North America and Asia. The IoT & Data technologies developed by the Group allow brands to transform their stores into true digital assets, highly automated, driven by data, and connected in real time to brands and consumers. The solutions developed by VusionGroup improve the performance of points of sale, facilitate more effective collaboration between manufacturers and brands, improve the customer experience and the work of in-store teams, while allowing a reduction in waste and the carbon footprint of trade.
The Group achieved a turnover of 801 million euros in 2023. VusionGroup’s solutions are today installed in nearly 40,000 stores in more than 60 countries. VusionGroup, in strong growth for 10 years and the world leader in a high-potential digital sector, is therefore fully in line with the investment thesis of the Lac1 fund: supporting French world leaders over the long term, who have strong growth potential. creating value while responding to current environmental and societal challenges. With this acquisition of the Lac1 fund, Bpifrance affirms its support for the Group’s strategy.
The market for IoT and digital solutions for commerce presents solid growth prospects, driven by the necessary digitalization of physical stores, to improve operational performance but also the customer experience. The Group has solid competitive advantages with leading partners, as well as a strong capacity for innovation which should enable it to capture a significant share of market growth. Convinced of the sustainable growth potential of VusionGroup, Bpifrance, via the Lac1 fund, wishes to become involved in the long term alongside it in order to support its development, particularly internationally.
The board of directors of VusionGroup will propose at the next general meeting of June 19, 2024 the appointment of Bpifrance Investissement, as representative of Lac1, as director of the Group.
Nicolas Dufourcq, Managing Director of Bpifrance, declares: “We are delighted that the Lac1 fund will become one of the key shareholders of VusionGroup, the world leader in digitalization in physical commerce. Bpifrance thus affirms its commitment to the Group over the long term, convinced that it presents significant growth prospects, linked in particular to its technological leadership and its capacity for innovation. »
Thierry Gadou, Chairman and CEO of VusionGroup, adds: “On behalf of the board of directors of VusionGroup, I am very happy with the entry of the Lac1 fund into our capital, and with the proposal that will be made at our next general meeting (June 19), to appoint a representative of Bpifrance to our Board of Directors as an independent director. This announcement strengthens the stability of our capital as well as our governance, and constitutes a mark of confidence in our ambitious strategy of innovation and development in the service of the modernization of global trade. »