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.
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Stehle draft agreement
19/06/2006Stehle draft agreement
The Somfy group informs that it has signed a draft agreement with the German company Stehle concerning the take-over and development of its solar protection activity.
This draft agreement will become effective as soon as legal authorisations have been obtained.
Stehle is a well-known and quality player in the solar protection motors and controls market. This acquisition will enable the Somfy group to expand its offer, particularly to Germany, Austria and Switzerland with a line of products adapted to these markets. The full year turnover is between 5 to 6 million Euros and Somfy would invest €4.5 million Euros.
June 19th, 2006
Note
Somfy is the world leader in motors and controls for openings and closures in homes and buildings. Its main markets are France which accounted for 30% of sales for the last trading year, Southern Europe (19%), Germany (14%), Northern Europe (14%) and America (11%).
Contacts
Somfy : Nicolas Duchemin - Tel : (33/0) 450 404 849
Shan : François-Xavier Dupont - Tel : (33/0) 144 505 874
Agenda
Annual Shareholders’ General Meeting : Wednesday, May 31, 2006
Publication of first semester sales 2006 : Friday, July 28, 2006
http://www.somfyfinance.com