GROUPE RAGNI has made the strategic acquisition of ECO-INNOV, a specialist in sustainable and intelligent lighting systems.
∕ In November 2024, the shareholders of GROUPE RAGNI, a leading French player in the design and manufacture of public lighting solutions under the brands RAGNI, NOVEA ENERGIES SEVⓔ, HESS and LEC, completed the acquisition of ECO-INNOV, an innovative company specializing in low-impact and smart signaling systems.
∕ Founded in 2004 and based in Noyarey, near Grenoble, ECO-INNOV has established itself as an agile player, specializing in solar-powered light studs, ultra-low-voltage LED signaling lights for road safety and road signage devices designed to reduce environmental impact and optimize energy efficiency.
∕ This strategic operation is fully in line with the RAGNI GROUP’s desire to actively participate in projects that promote energy and environmental transition, while contributing to the well-being and safety of citizens. With this acquisition, GROUPE RAGNI strengthens its commitment to sustainable development and positions itself as a key French player in the sector
∕ GROUPE RAGNI, run by the eponymous family, has a long history of commitment to innovation and quality in the public lighting sector, with sales of over 135 million euros.
A transaction advised by ALTIOS Corporate Finance
∕ ALTIOS Corporate Finance supported GROUPE RAGNI in its external growth strategy. The project included financial analysis of the company, then support during the negotiation phases, coordination of due diligence and negotiation of the SPA (Share Purchase Agreement).
∕ ALTIOS Corporate Finance’s role:
– Screening, market research, identification and qualification of potential acquisition targets.
– Approach to qualified targets
– Financial analysis and valuation
– Coordination of due diligence
– Negotiation of the Share Purchase Agreement (SPA)
∕ With the completion of this transaction, ALTIOS Corporate Finance confirms its ability to support its clients in complex operations and bring strategic cross-border transactions to a successful conclusion
∕ ALTIOS Corporate Finance strengthens its role as a trusted buy-side advisor in French and international mid-cap deals
Testimonial of GROUPE RAGNI
„ This acquisition of ECO-INNOV is in line with our ambition for growth and innovation. Together, we are strengthening our ability to offer lighting solutions that meet sustainability and energy efficiency requirements, while adding value for our customers and partners. ”
Stéphane RAGNI, Chairman of the Executive Board – GROUPE RAGNI
Testimonial of ALTIOS
“ We are delighted to have finalized this second acquisition for GROUPE RAGNI, enabling it to consolidate its position in France. The shared values with ECO-INNOV and the complementary positioning of the two companies will enable us to maximize synergies, and continue the group’s growth. “
Alexandre KAPLAN, M&A Director and Partner – ALTIOS
Participants
Buyer’s Advisors:
- M&A : ALTIOS Corporate Finance – Alexandre Kaplan, Camille Garbolino, Amandine Durand
- Legal: Numa Avocats – Christophe Lestringant, Marc Edme, Maxime Marchand, Cécile Ducassou,
- Financial: CPA – Thalia De Zorzi, Lorenzo Carufo, Abel Soubeyran, William Gourion
Seller’s Advisors:
- Legal: Lexan Avocats – Stéphane Cadeau-Belliard, Anita Agustin, Elise Michel
Contact Press: Alexandre Kaplan, M&A Director, a.kaplan@altios.com
