Information on the target
Verre & Métal and HEFI are distinguished French companies specializing in the design and construction of architectural steel and glass structures. Verre & Métal, founded in 1921 and headquartered in Bonneuil-sur-Marne (Île-de-France), has established itself as a leading player in its sector, particularly noted for its expertise in the restoration and renovation of historic buildings, including iconic landmarks such as the Grand Palais, the Eiffel Tower, and the Opéra Garnier. HEFI, established in 1992 and based in Strasbourg (Grand Est), focuses on highly technical metalwork, primarily for new-build projects. Together, these companies employ over 90 individuals and generate an annual turnover of approximately €25 million, recognized nationally for their project quality and technical expertise.
Industry overview in the target’s specific country
The Construction & Engineering (NEC) industry in France is characterized by a robust demand for innovative architectural solutions and a growing emphasis on sustainability. The sector has been experiencing a steady recovery following the economic downturn, driven by increased public and private investments in infrastructure and real estate. France's commitment to enhancing its architectural heritage, coupled with a focus on modern construction techniques, has created a conducive environment for companies specializing in bespoke structures, such as Verre & Métal and HEFI.
In recent years, the French government has implemented various initiatives aimed at revitalizing the construction sector, including incentives for energy-efficient building practices and the restoration of historical sites. This has led to a surge in projects requiring specialized skills in architectural steel and glass design, positioning companies like Verre & Métal and HEFI at the forefront of this evolving landscape. The integration of advanced technologies and materials in construction processes is also reshaping the industry, allowing for greater creativity and efficiency in project execution.
Moreover, the increasing trend towards urbanization in France has resulted in a heightened demand for innovative construction solutions that cater to both aesthetic and functional requirements. As cities expand and evolve, the need for high-quality, durable structures that can withstand the test of time becomes paramount. This trend presents significant opportunities for firms that excel in technical glazing and complex bespoke structures, further solidifying the importance of Verre & Métal and HEFI within the industry.
The rationale behind the deal
The acquisition of Verre & Métal and HEFI by the Aurige Group represents a strategic move to enhance the Group's service offerings and expand its market presence. By integrating these two specialized companies, Aurige aims to provide a more comprehensive range of technical solutions to its public and private sector clients. This acquisition aligns with Aurige's long-term vision of developing an independent group capable of delivering services across the entire life cycle of a building, from design and restoration to refurbishment and new construction.
Information about the investor The Aurige Group, founded in 1944, is a family-owned enterprise that has grown through the strategic acquisition of recognized companies and workshops within the construction and engineering sector. With a turnover of €240 million and a workforce of approximately 2,000 employees, Aurige operates 27 subsidiaries and around 70 branc…