Installux Signs Agreement to Acquire Comey S.A.S.
Deal News | Dec 16, 2024 | Globenewswire
Installux S.A., a leading French company specializing in aluminium systems for building second work, has announced the signing of an agreement to acquire Comey S.A.S. and its parent company Comeyfi S.A. The deal, expected to close on December 30, 2024, comes after successful audits and lifting of all conditions. This acquisition will be self-financed by Installux, with potential for bank refinancing later. This move is part of Installux's strategic plan to strengthen its position in the tertiary space sector, combining organic and external growth. By integrating Comey, Installux aims to boost its brands Tiaso and Mecanalu, leveraging identified synergies, especially in partitioning solutions. Comey, an expert in technical raised floors with an annual turnover of €19.5 million in 2023, will benefit from Installux's market strength while retaining operational independence.
Sectors
- Construction and Building Materials
- Office Furniture and Fixtures
Geography
- France – Both Installux and Comey operate in France, with their main operations in Saint-Bonnet-de-Mure and Villeneuve-sur-Yonne respectively.
Industry
- Construction and Building Materials – Installux is involved in the aluminium systems and building materials sector, specializing in building second work.
- Office Furniture and Fixtures – Comey specializes in technical raised floors used in professional buildings, technical rooms, and data centers.
Financials
- €19.5 million – Revenue reported by Comey S.A.S. in 2023.
- €3.4 million – Operating profit reported by Comey S.A.S. in 2023.
- €2.5 million – Net profit reported by Comey S.A.S. in 2023.
- €5.6 million – Net cash reported by Comey S.A.S. as of December 31, 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Installux S.A. | Bidding Company | Company | Installux is a French company specializing in aluminium systems for building second work and habitat improvement. |
| Comey S.A.S. | Target Company | Company | Comey is a company specializing in the design and manufacture of technical raised floors, serving professional building sectors. |
| Marc Belbenoit | President of Comey | Person | Marc Belbenoit is the current president of Comey S.A.S. |
| Pierre Belbenoit | Director General of Comey | Person | Pierre Belbenoit is the current director general of Comey S.A.S. |