Compagnie de Saint-Gobain Acquisition (9182R)
November 10 2021 - 2:12AM
UK Regulatory
TIDMCOD
RNS Number : 9182R
Compagnie de Saint-Gobain
10 November 2021
PRESS RELEASE
November 10, 2021
SAINT-GOBAIN acquires a minority stake in livspace, a digital
company
focused on the growing residential markets in India and
South-East Asia
Saint-Gobain has acquired a minority stake in Livspace, a
digital-first company that is rapidly growing in India and
South-East Asia.
Livspace is a digital-first intermediation platform offering
end-to-end solutions for home interiors, from design to
installation. Founded in 2015, Livspace is a market leader in India
and has grown its business rapidly by deploying significant
investments in technology, marketing and end-to-end solutions.
Today, Livspace serves around 20,000 homes annually in India and is
poised to grow rapidly in the future.
This investment will complement the Group's full range of
solutions on the residential market in India which accounts for
over 80% of the country's building construction market.
B. Santhanam, CEO Asia-Pacific of Saint-Gobain, commented:
"I am very pleased to partner with Livspace. Over the last two
years, our businesses have focused on developing an innovative
approach for the home segment by offering its customers end-to-end
solutions (design to installation). This partnership is a win-win
for both companies, aiding a faster scale-up and expanded customer
reach. Livspace offers a complementary route to market, promoting
solutions under the Saint-Gobain brand. We will derive significant
synergies and learnings in terms of customer behavior, technology
platform, services and supply chain."
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions for the construction, mobility, healthcare and other
industrial application markets. Developed through a continuous
innovation process, they can be found everywhere in our living
places and daily life, providing wellbeing, performance and safety,
while addressing the challenges of sustainable construction,
resource efficiency and the fight against climate change. This
strategy of responsible growth is guided by the Saint-Gobain
purpose, "MAKING THE WORLD A BETTER HOME", which responds to the
shared ambition of all the women and men in the Group to act every
day to make the world a more beautiful and sustainable place to
live in.
EUR38.1 billion in sales in 2020
More than 167,000 employees, located in 70 countries
Committed to achieving Carbon Neutrality by 2050
For more information about Saint-Gobain
visit www.saint-gobain.com and follow us on Twitter
@saintgobain
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54
29 77 26 83
+33 1 88 54 Patricia Marie +33 1 88 54
Vivien Dardel 19 09 Bénédicte 14 75
Floriana Michalowska +33 1 88 54 Debusschere +33 1 88 54
Christelle Gannage 15 49 Susanne Trabitzsch 27 96
----------------------- -------------- --------------------- ---------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQBMBRTMTMBMLB
(END) Dow Jones Newswires
November 10, 2021 02:12 ET (07:12 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Oct 2024 to Nov 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Nov 2023 to Nov 2024
