02 October 2018
The TERREAL group has concluded the acquisition of a 51% stake in GSE Integration, the BtoB branch of the GSE (Groupe Solution Energie) group, a specialist in solar photovoltaic solutions for existing residential roofs. Founded in 2008 and based in Saint-Ouen (France), GSE Intégration quickly established itself as one of the leading players in integrated photovoltaic solutions.
Through this acquisition, TERREAL reaches an important phase in its strategy, expanding into the fast-growing residential solar power market. The agreement provides for a gradual increase in Terreal’s stake in GSE Intégration.
GSE Intégration: a leader in residential photovoltaic solutions in France
GSE Intégration’s core business is designing and selling patented, innovative and distinctive photovoltaic and aerovoltaic solutions (heat recovery systems, energy conservation). The company has a 4,200-m² logistics platform in Canteleu near Rouen.In 2017, GSE Intégration achieved a turnover of 45 million euros. Its management team remains in place and supports the process of integration in the Terreal Group.
Development of the TERREAL group in the solar sector
TERREAL, a major player in solar energy in new builds, is seeking to develop its business in the field of existing roofs, which account for a very significant proportion of the residential solar sector. TERREAL becomes a supplier of choice for photovoltaic and aerovoltaic solutions in the French residential sector – an innovative and growing business segment driven by the development of electricity self-consumption and storage solutions and by the energy transition more generally.
A long-term development strategy towards complete roofing solutions
The group, specialist in terracotta construction materials, is committed to expanding its product line and developing its Roofing business, particularly through its Lahera plant in Mazamet (Tarn department, France), which is currently investing to increase its production capacity in the field of photovoltaic systems for new builds. With this acquisition, Terreal continues its external growth following the acquisition in December 2017 of Achard, a company based in Genay near Lyon specializing in the manufacture of roofing and rainwater drainage accessories.
Laurent Musy, CEO of TERREAL, concludes: “We are pleased to announce the acquisition of a majority stake in GSE Intégration, a clear sign of the group’s commitment to continuing the development of its solar solutions business. This acquisition enables TERREAL to access the home renovation sector and to continue to diversify its solar offering thanks to the innovative strength of the GSE intégration and TERREAL teams.”