Racine advises Terreal on the acquisition of 51% of GSE Intégration
The TERREAL group is pursuing its growth strategy and announces the signing of an agreement relating to the acquisition of a 51% stake in GSE Intégration, the BtoB branch of the GSE (Groupe Solution Energie) group, a specialist in solar photovoltaic solutions for existing residential roofs. Founded in 2008 and based in Saint-Ouen (France), GSE Intégration quickly established itself as one of the leading players in integrated photovoltaic solutions. Through this acquisition, TERREAL is set to reach an important phase in its strategy, expanding into the fast-growing residential solar power market. The agreement provides for a gradual increase in Terreal’s stake in GSE Intégration. The actual completion of the acquisition remains subject to authorization from the French Competition Authority.
Concerned lawyers :