Acquisition of the German brand: Hess
” Together with Hess GmbH Licht + Form, we will form a leading group with some 400 direct and indirect employees, which makes us proud. We’ll be able to take advantage of each other’s expertise and create industrial synergies that will benefit our customers, our employees and all our partners, enabling us to develop further. ”
Marcel Ragni, CEO of the Groupe Ragni
We are pleased to announce that the German brand Hess is now part of the Groupe Ragni !
This acquisition strengthens the GROUPE RAGNI’s presence in the European and international public lighting market, particularly in the DACH region (Germany, Austria, Switzerland). It also includes the traditional VULKAN brand, whose roots go back to 1898 and make it a pioneer in LED public lighting, road lighting, parking lots, pedestrian zones and public facilities.
With sales of almost 100 million euros forecast for the 2023 financial year, the GROUPE RAGNI is expanding rapidly. This acquisition is part of the French group’s strategic vision to consolidate its position as a leader in the public lighting and street furniture sector.
This union with Hess opens up exciting new prospects for the Group. By integrating the expertise, products and 110 talents of this German industrial flagship, we are taking a major step forward, consolidating our position as a medium-sized company.
This milestone is not just about geographic expansion, it represents a convergence of expertise and shared values. We are delighted to merge our industrial strengths and create unique synergies, propelling the GROUPE RAGNI to new horizons.
On the occasion of this new acquisition, we were delighted to travel to Germany to meet the fine Hess team, marking the start of a promising collaboration.
During this first Christmas event we shared together, we felt a positive energy and contagious enthusiasm among the teams at Hess GmbH Licht + Form. We look forward to working hand in hand, sharing our experiences and contributing together to the continued success of our enlarged group.
Marcel Ragni, our CEO, expresses his clear vision: “Our aim is for Hess GmbH Licht + Form to grow, and for us to grow too. To take our respective needs into account and create quality products.” A philosophy that guides our joint strategy for the future.”
We’d like to thank the team at Hess GmbH Licht + Form for their warm welcome, and look forward to many fruitful collaborative moments. Stay tuned for this exciting adventure!
