Eurazeo PME is to become the new majority shareholder of ST GROUP, renamed VITAPROTECH, a French leader in securing physical access to sensitive sites through its SORHEA and TIL Technologies brands.
Eurazeo PME is to become the new majority shareholder of ST GROUP renamed VITAPROTECH, replacing UI Gestion, and has announced it has signed a share purchase agreement under which it will invest €40 million in the company to hold approximately 60% of the share capital. This investment will be conducted alongside the managers, Eric Thord and Emmanuel Chopin, and other senior managers. The joint project between Eurazeo PME and senior executives relies on accelerating the group’s international growth, mainly through an amibitious external growth strategy. This transaction is scheduled to close in July 2018.