Somfy announced that he had reached theagreement for the acquisition of the Italian group Teleco Automation, a leading company in the production of automation systems for bioclimatic pergolas. This is a very important agreement for Somfy, a world leader in the automation of doors and windows, for homes and offices, and a real point of reference for the connected home sector.
Somfy acquires Teleco Auomation
The agreement provides the acquisition by Somfy of 75% of the share capital of the Teleco Automation group. Thanks to the operation, Somfy will be able to make the most of the Italian group’s experience and its ability to innovate in the automation sector of outdoor sun protection. This experience will allow Somfy to be able to count on a decisive acceleration of the development program of its core business. The operation will close in the course of second quarter of 2022. Somfy believes that its product range is complementary with that of Teleco Automtion, thus ensuring perfect future integration.
The comment of the protagonists
Roberto Collovini, CEO of Teleco Automation, said: “Incorporating our offering into Somfy’s adds undeniable value for customers with the single remote control for connected external applications. With Somfy, we are now part of an international group and, thanks to our extensive knowledge of market needs, we will be able to offer increasingly innovative integrated solutions “.
Pierre Ribeiro, CEO of Somfy, he added: “We are very happy to welcome the Teleco Automation team to our Group so that we can implement the natural synergies between our product ranges to offer a better experience to our customers. Through this combination, which is in line with our strategic vision Ambition 2030, Somfy is joining forces with a valued partner with a proven track record in order to respond to the strong growth of the outdoor sector and related solutions ”.