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
Offer to acquire stake in CIAT
24/07/2014
Press release
24 July 2014
Offer to acquire stake in CIAT
On 23 July, Somfy received a firm offer from United Technologies Corporation to acquire its equity investment in the share capital of CIAT Group, a specialist in the air treatment and heat transfers of buildings.
The bid is subject to several conditions precedent, namely consultation with CIAT Group’s works council, approval by CIAT Group following this consultation and the authorisation of the supervisory bodies governing this type of transaction.
Final agreement could be reached during the last quarter of 2014 if the conditions are met as scheduled.
Somfy Participations has held an equity investment in the Group since 2008, which currently represents 46.1% of CIAT Group’s share capital.
Corporate profile
The Somfy Group is structured as two separate branches: Somfy Activities, which is dedicated to the automation and control of openings and closures in residential and commercial buildings, and Somfy Participations, which is dedicated to investments and equity shareholdings in industrial companies operating in other business sectors.
Contacts
Somfy: Pierre Ribeiro (Chief Financial Officer) - Tel: +33 4 50 40 48 49 / Jean-Michel Jaud (Communications Manager) - Tel: +33 4 50 96 70 65
Shan: François-Xavier Dupont - Tel: +33 1 44 50 58 74