MAJORITY SHAREHOLDING IN GAMESYSTEM
THE FRENEHARD & MICHAUX® GROUPBROADENS ITS EXPERTISE BY ACQUIRING A MAJORITY SHAREHOLDING IN GAMESYSTEM
The Frénéhard & Michaux Industrial Group, a long-established player in fastening systems for roofing and guttering, and a major player in access and safety systems for working at height, is acquiring a majority stake in Gamesystem®, thereby furthering its growth strategy in the industrial sector, particularly in the field of fall arrest systems for working at height in complete safety and confidence.
Backed by a turnover of €162 million and a workforce of 1,000 employees in France, Spain and the Netherlands, the Frénéhard & Michaux Group now offers – under the HEIGHT WITH CONFIDENCE® concept – a unique range of products for accessing, moving around and working at height.. These solutions (ladders, light individual rolling platforms, scaffolding, guardrails, lifelines, anchoring points, mobile anchoring systems, harnesses) have been adopted by professionals in the building and industrial sectors who aim to ensure both safety and productivity, and they are marketed under the TUBESCA-COMABI®, SECURIGARD®, SYAM®, SKYWORKS®, TENDO® and ARTUB® brands.
Gamesystem®, founded in 1979 in Montbonnot-Saint-Martin (38), has a turnover of €12.5 million and employs 115 people in France, Spain and Italy. For over 40 years, it has been designing, manufacturing and installing fall protection solutions for industrial buildings and installations. It is also a training organisation in working at height safety.
An operation with multiple benefits for both entities
“This acquisition strengthens the Group’s expertise and its value offering based on the concept of HEIGHT WITH CONFIDENCE®. In addition to the many standard solutions that we offer, GAMESYSTEM® will enable us to expand our range of adapted or customised solutions, particularly in the industrial sector. This also enhances our range of services for all of the Group’s customers.” Bernard Rothan, Chairman of the Frénéhard & Michaux Group
“The acquisition of a stake in our company by Frénéhard & Michaux, a family-run group aligned with our values, will enable us to boost our growth both in France and internationally, by strengthening our collective protection solutions. Proud of this new affiliation, we are going to adopt the Frénéhard & Michaux Group’s visual identity and quickly adopt our new logo. “Arnaud Cuny, Managing Director of Gamesystem.
This transaction will enable Frénéhard & Michaux to strengthen its position in order to accelerate its growth and diversify its activities, aligning perfectly with its current strategy : to offer solutions that meet the needs of professionals, at all levels and at all heights.
About Frénéhard & Michaux®
A family-owned group of French industrial companies, Frénéhard & Michaux supports roofing specialists in their new building envelope markets, and its future is focused on fall arrest solutions and protection for work at height. All of the companies in the Frénéhard & Michaux Group (Frénéhard, Securigard, TUBESCA-COMABI, FMS Ringue, Skyworks, Tendo, Artub, Roy, FM TSN, FM Merlet, Syam and GAMESYSTEM) share the same industrial tradition, extensive materials expertise in aluminium and steel, and view of the height at work arena (scaffolding and ladders, roofing accessories, fall protection and guardrails). Height with Confidence® is therefore the hallmark of their respective activities and their common thread. The Group now has a turnover of €175 million, 20% of which are generated outside of France. It employs 1,115 people at 10 production sites in France and 10 international locations (Spain, the Netherlands, Germany and Italy). Frénéhard & Michaux is a major French industrial group. Its goal is to create synergies between all the entities to inspire key ideas and strengthen the core businesses of each company. It aims to capitalise on its historic brands to conquer new markets, expand its presence in the construction and industrial markets, and forge a leading European group with industrial roots in France.