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The latest update is out from Compagnie de Saint Gobain ( (FR:SGO) ).
Saint-Gobain has entered into an agreement to sell its subsidiary Brüggemann to the German Köster group. This move aligns with Saint-Gobain’s strategic plan to optimize its business profile under its ‘Grow & Impact’ initiative. Brüggemann, which specializes in prefabricated solutions, operates a plant in Germany and generated €55 million in revenue in 2024. The sale is expected to close by the end of 2025, and it highlights Saint-Gobain’s focus on enhancing its position as a key partner for prefabricators by co-developing solutions that improve building performance and productivity.
More about Compagnie de Saint Gobain
Saint-Gobain is a global leader in light and sustainable construction, designing, manufacturing, and distributing materials and services for the construction and industrial markets. The company focuses on integrated solutions for building renovation, light construction, and decarbonization, driven by continuous innovation to enhance sustainability and performance. With €46.6 billion in sales in 2024 and over 161,000 employees across 80 countries, Saint-Gobain is committed to achieving net zero carbon emissions by 2050.
For an in-depth examination of SGO stock, go to TipRanks’ Overview page.