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.
12/03/2024
La Fondation Somfy
Organization
22/01/2018
Commitment
Finance
News & media
27/05/2020
Majority stake taken in the company Giga
29/05/2013
Release
Somfy Activities has taken a majority stake in the Brazilian
company Giga Indústria e Comércio de Produtos de Segurança
Eletrônica S.A.
Somfy Activities is pursuing its policy of growth through acquisitions, having made a 51% equity investment in the Brazilian company Giga Indústria e Comércio de Produtos de Segurança Eletrônica S.A. (Giga), which represents an investment of approximately € 7 million.
Giga designs and produces security systems which it markets through specialist distributors and installers in Brazil. Its extensive product range includes video surveillance cameras (IP and analogue), infrared cameras, video players/recorders and access control systems (digital codes, card readers and biometric readers).
Giga generated sales of approximately € 8 million in 2012 and currently employs 85 people. Its growth outlook is positive in a market where all matters relating to security remain of key concern to consumers.
This equity investment will enable the Group to complement its security-related product range and is very much in line with the Group’s strategy of seeking to strengthen its position in countries experiencing rapid growth. This is particularly true of Brazil where in 2011 the Group began a close collaboration with Garen Automaçao, a door and gate automation specialist.
29 May 2013
Corporate profile
The Somfy Group is structured as two separate branches: Somfy Activities is dedicated to the Group's core business of automated openings and closures in residential and commercial buildings; Somfy Participations is dedicated to investments and equity shareholdings in industrial companies operating in other business sectors.
Contacts
Somfy : Jean-Michel Jaud - Tel : +33 4 50 96 70 65
Shan : Arnaud Monnin - Tel : +33 1 44 50 58 74