It is with great pleasure and pride that we announce that Cordon Group has finalised the acquisition of the entire After-Sales business of the SBE Group.
The project was approved unconditionally by the French Competition Authority on 15 June 2023. The two parties were therefore able to finalise the proposed acquisition and officially sign the agreement on 4 July 2023, with the takeover taking effect on 1 July. This transaction is being financed with the support of our long-standing banking partners, in particular the Caisse Régionale du Crédit Agricole des Côtes d’Armor as arranger. Bpifrance, Unexo and BNP Paribas Développement also acquired a stake in the company.
SBE Group is an independent group specialising in the repair of electronic equipment, with 1,200 employees worldwide. SBE is a key partner for manufacturers of electronic and high-tech equipment, providing after-sales services for a very wide range of products, from mobile phones and televisions to small electrical appliances and medical equipment.
This new acquisition is a real growth driver for the Group, which is now a global benchmark in the field of the circular economy applied to electronics.
The group will be present in 13 countries, with 4,000 employees. By 2025, the Group expects to have achieved sales of €500 million.
Serge Cordon and part of his Executive Committee after the press conference, and on July 4th with Mr Besème the former president of SBE