Gimv acquires specialist building materials company GSDI

GSDI's founder and management will remain invested in the company. 

Gimv says the investment will support the company's growth in the French and international rail market, as well as accelerate development in new application segments. 

GSDI plans to expand its presence in the building sector, with the installation of thermal films to improve the energy performance of existing buildings, and applications to improve hygiene and safety in the food industry.

It has opened subsidiaries in Spain, South Africa and Poland.

Gimv said that the transaction fits with its Sustainable Cities sector investment platform. 

Company
GSDI sells surface films for renovation, thermal comfort, protection and decoration to customers in the railway, building and food sectors. 

It claims to have the largest installation base in Europe, with 160 applicators that are all trained internally and in its approved training centre. The company, based in Massy, France, has a turnover of more than EUR 30m.

People
GSDI Group – Jacques Coueffé (CEO).
Gimv –  Nicolas de Saint Laon (head of Gimv France); Maxence Kasper (principal).

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