Closing of the transaction is subject to antitrust approvals and is expected by the end of the first half of 2024.
It will complement Saint-Gobain’s range of digital services offering predictive, diagnostic, and data-driven solutions to improve energy efficiency for its customers and reduce the carbon footprint of their products and processes:
- Saint-Gobain recently invested in three start-ups for breakthrough innovation through its venture arm NOVA: Sysdyne Technologies to enhance productivity and traceability for ready-mix concrete production and delivery thanks to a cloud-native software platform, and Plantformance and Newboot to improve manufacturing performance thanks to a comprehensive suite of services and software programmes as well as real-time data collection. These partnerships enable Saint-Gobain to integrate cutting-edge technologies, such as IoT (Internet of Things), artificial intelligence (AI), and digital twins which can result in a reduction of up to 10% in a factory’s energy consumption.
- Since its acquisition of GCP in October 2022, Saint-Gobain owns and operates VERIFI® in the US, Europe and Asia-Pacific: a concrete management system which leverages IoT technology to ensure consistent quality and sustainability in ready-mix concrete production and delivery.
In addition, the SOLU+ and CAP RENOV digital tools sold by Saint-Gobain’s merchanting businesses in France (Point.P in particular) continue to see growing success with trade professionals and renovation companies with about 90% of worksites eligible for MaPrimeRénov’ having used the CAP RENOV advisory, layout and estimation tool in 2023.
These digital solutions contribute to the goals of Saint-Gobain's 'Grow & Impact' strategic plan aiming to provide end-to-end solutions to its customers and accelerate the decarbonisation of their products and processes.
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