October 16, 2020

Portuguese Metalogalva strengthens internationalization with purchase of French Petitjean SAS – Executive Digest

Metalogalva, which specializes in steel engineering and protection, has acquired 49% of Petitjean SAS, a French company that operates in the areas of public lighting, tubular structures for transport, energy distribution and telecommunications, it was announced today.

The Portuguese company, which belongs to VigentGroup, also has the option to buy the remaining 51% of Petitjean SAS, and with this deal, the value of which it declined to reveal, it aims to strengthen its international vocation.

Known by the name of its founder, Petitjean operates essentially in the French market, where it has its headquarters, and in French-speaking countries, and had a turnover of 49.1 million euros last year.

VigentGroup’s CEO, Sérgio Silva, said he was “very pleased with this acquisition, which will increase Metalogalva’s market share in France to a consolidated figure of 43 million euros”.

Petitjean SAS, founded by Daniel Petitjean in 1959, employs around 350 people and will retain its current management.

Metalogalva’s strategy will also involve maintaining the brands, due to their recognition in Europe, and seeking cooperation between the different departments, in a logic of complementarity.

Metalogalva is present in 14 countries and has a culture based on research, development and innovation of its products.

With the acquisition of the French company, Metalogalva, which has been part of several international consortia for the development of solutions in a wide range of sectors, such as energy, lighting and transport, expects to have a turnover of 150 million euros (consolidated figure) by the end of this year, thus strengthening its international position.

Founded in 1971, Metalogalva – Irmãos Silvas is VigentGroup’s oldest company and, in addition to Portugal, is present in Spain, France, Italy, Poland, Germany, Belgium, the United Kingdom, Algeria, Ukraine, Senegal, Canada, Mozambique, Brazil and Saudi Arabia.

Metalogalva currently has industrial units in Ukraine, Saudi Arabia, France, Brazil and Portugal.