RNS Number : 0191Y

Compagnie de Saint-Gobain

01 September 2022


SAINT-GOBAIN has entered into an exclusive negotiation process for the sale of ITS WORLDWIDE


Saint-Gobain announces that it has entered into an exclusive negotiation process for the sale of its Crystals and Detectors business - part of High Performance Solutions - to a consortium led by SK Capital Partners associated with Edgewater Capital Partners, both US private equity firms with expertise in advanced materials which have made a binding and irrevocable offer for an enterprise value of USD 214 million.

The transaction is subject to customary employee consultations. Its completion is subject to regulatory approvals and is expected during the fourth quarter of 2022.

The Crystals and Detectors business employs around 400 people, operates 6 production sites (2 in France, 3 in the United States and 1 in India) and generated revenues of close to EUR75 million in 2021 with an adjusted EBITDA margin of around 20%. It provides radiation detection solutions for medical imaging, security, nuclear safety, oil and gas exploration and environmental monitoring as well as sapphire products for medical, industrial, electronics and aerospace applications.

This transaction aims at focusing the Group's High Performance Solutions activities on markets where Saint-Gobain, thanks to its leadership positions and its innovation capabilities, enables its customers to accelerate towards carbon neutrality and circularity. It is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow & Impact" plan objectives.


Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures

and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization

of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,


EUR44.2 billion in sales in 2021

166,000 employees, locations in 76 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

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) Dow Jones Newswires

September 01, 2022 12:47 ET (16:47 GMT)

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Compagnie De Saint-gobain Charts.
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Compagnie De Saint-gobain Charts.