Daily Newsletter

17 January 2024

Daily Newsletter

17 January 2024

Saint-Gobain reaches agreement to acquire Glass Service 

The acquisition, pending antitrust approvals, is expected to close by the end of H1 2024.

Upasana Mukherjee January 16 2024

Saint-Gobain, a French sustainable construction company, has entered into a definitive agreement to acquire Glass Service, a digital solutions provider for glass furnaces.  

The financial details of the deal have not been disclosed. 

Glass Service offers advanced control systems and simulation software designed to help customers minimise their energy consumption. 

It provides a wide array of services ranging from simulation tools and furnace camera systems to handmade production furnaces and more.  

The latest acquisition will add to Saint-Gobain's existing digital services, which comprise predictive, diagnostic, and data-driven solutions to enhance energy efficiency and reduce carbon footprints. 

The acquisition, pending antitrust approvals, is expected to close by the end of the first half (H1) of 2024.  

The move follows CertainTeed Roofing, the building products subsidiary of Saint-Gobain, breaking ground on an advanced roofing manufacturing and distribution centre in the US last year. 

Analyzing the growth prospects of the global construction industry

GlobalData's latest report offers an insight into the outlook for the global construction industry to 2027. Despite the challenging macroeconomic and geopolitical backdrop, the global construction industry managed to continue to generate growth momentum in 2023, with global output rising by 3.4% in real terms. Much of this is owing to China’s surprisingly strong performance despite the prolonged real estate crisis there.

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