The HMY Group increase to 70% its shares of the chinese market leader in shopfitting
The HMY Group, an international leader in the design and manufacture of equipment for commercial retail spaces, has acquired a 70 % stake holding of a leading Chinese company. This acquisition reinforces the confidence that HMY shareholders have in the future of the Group and its strategic plan to continue its growth and expansion.
(Monéteau, 18/6/12) The HMY Group, which is the leading supplier of shopfitting and commercial retail equipment on an international basis, has confirmed the integration of the number one retail equipment supplier in China within its organization. This integration has been subject to a plan that concluded this Monday, June 18th, where the HMY Group acquired a 70% stake holding of Yongguan. This move establishes the HMY Group strongly in the Asian market where in addition to its two major production plants in China, also participates in another three factories in Malaysia, through a Joint venture with HUB's which is located in Singapore.
Discussions over the acquisition of Yongguan, which have now concluded, started in 2005. In 2007 HMY acquired 40% of Yongguan and both parties agreed a timetable for the project of integration of the company within the Group in the medium term. The achievement of the objectives set for the following 5 years has resulted in a business agreement of joint investment in the long term.This acquisition reinforces the confidence of HMY shareholders have in the future of the Group and its strategic plan to continue its growth and expansion.
Yongguan is the Asian leader in commercial equipment for the retail market. The Chinese business group was founded in 1988, and since then has experienced a constant evolution, closing the year 2011 with a turnover of 63 million euros and a workforce of 1,500 employees.
HMY, world leader in Shopfitting
HMY is the world leader in design and manufacture of equipment for commercial spaces by turnover, industrial capacity and geographical location. The Group was created in 1998 when the Spanish Yudigar - headquartered in Cariñena (Zaragoza) - was acquired by the French HERMES METAL - located in Monéteau (France), where the Group is headquartered. The group is present in 54 countries across the five continents.
The HMY Group, which employs more than 3,000 people closed the financial year 2011 with a turnover of 422 million EUR. In the past year, the group manufactured and installed enough products every day, to cover a commercial area of 27,000 sqm. Leading customers include Carrefour, Leroy Merlin, Casino, Dia, Mercadona, Auchan/Alcampo, Tesco and several flags of the Inditex Group.
The products and the quality of the services offered by both HMY and Yongguan enjoy a great reputation within the market at international level. With an accumulated experience of 50 and 20 years respectively, HMY and Yongguan have a strong capability and proven capacity to deliver large-scale projects. Both companies also have a high capability within the field of R&D as well as deploying the most advanced manufacturing technologies.
This new business operation consolidates HMY as the supplier of preference for the supply of equipment and support services for retail premises and stores tailored to the specific needs of each of its customers.
Expansion of the HMY Group
The HMY Group was constituted in mid-1998 when the French company HERMES METAL - established in 1960 - acquired the Spanish company Yudigar - created in 1978 -. Both companies are dedicated to shopfitting and shopfitting equipment supply in all sectors of the commercial market. Both companies were leaders in their local markets and through a harmonized integration have been able to set a strategy of growth both in domestic and international markets together.
The HERMES METAL group already incorporated several companies of French origin (ARM, VANNIER and CEP) at the time of the acquisition of Yudigar all of which had complementary core business activities. In 1999 we saw further development with HMY Brazil and Teknogon based in Istanbul, reinforcing the Group internationally to add Latin America and Western Asia to its area of activity.
In 2006 Radford in the Great Britain and Pomar and Tecam in Spain were also incorporated. In this way, the HMY Group happens to occupy a strong position in the market of the United Kingdom through Radford, and through Pomar and Tecam adds an important element of know-how in the installation of premium commercial retail spaces, based on the high quality wood finishing used by top fashion brands.
During 2007 HMY develops its ties in Asia through involvement with a company of Chinese origin, Yongguan, acquiring a 40% stake holding of this business and agreeing a staged purchase commitment, which has materialized this week. Asian investment was expanded further in 2009, when HMY acquired 15% of HUB's, based in Singapore.
The current HMY Group has been built on the union of the experience and know-how of a set of different companies, which gives as a result the creation of multiple synergies and a strong international presence, which has carried HMY to become the recognized worldwide leader of the commercial equipment.
Brands and production plants in the world HMY HERMES-METAL 57.000 sqm (FRANCE) HMY Yudigar 42.000 sqm (SPAIN) HMY ARM 28.000 sqm (FRANCE) HMY Radford 18.000 sqm (UK) HMY Teknogon 33.000 sqm (TURKEY) HMY Brasil 10.500 sqm (BRAZIL) HMY Yongguan Chengdu 50.000 sqm (CHINA) HMY Yongguan Shanghai 60.000 sqm (CHINA) HUB´S 10.500 sqm (SINGAPORE)
The Auto Industry, Pioneer in Creating Personalized Experiences 07/07/2018
The automotive industry has some specific characteristics, especially with respect to retail. Its stores need a spacious layout and large size to focus on showing a product
HMY Germany, Recognized At The Dach Popai Awards 05/07/2018
A few weeks ago, we received confirmation that HMY Germany had been nominated at the Dach awards, the German edit
"Innovation is an essential factor to stand out in the Health and Beauty sector” 03/07/2018
The current scene in the retail sector reflects more competition between brands globally to face a common goal: create shopping experiences at their retail spaces.
HMY Reaffirms Its Commitment To Sustainability 29/06/2018
HMY has a solid commitment to sustainability in all of its activities. With these types of practices we are carrying out a long-term business project and we are doing it by taking
HMY and Netipbox Confirm Global Partnership To Promote The Retail Sector’s Digital Transformation 26/06/2018
Thanks to this agreement, HMY, the leader in global retail services and innovation, incorporates Netipbox’s digital signage platform for brands and retailers within its portf
HMY: A Committed Company With A Clear Vision For The Future23/06/2018
At HMY we are committed to innovation and we aim to transform our customers’ diverse sales spaces in order to create distinctive experiences at their points of sale.
Our value propo
The Importance Of Storytelling In Retail 19/06/2018
In retail, brand success is offering customers unique and appealing experiences. But often brands don’t know how to create these experiences or how to establish them. To do this, an ess
Keeping the glass half full at point of purchase for drinks brands14/06/2018
In a consumer culture that’s forever changing, it can be difficult for brands to make their mark with new customers and maintain relationships with existing ones. We are now a nation
The Evolution Of Low Cost Retail: From Pricing Strategy to Shopping Experiences11/06/2018
Nowadays, to survive and be successful in the retail sector, points of sale experiences are critical. In fact, someone already coined the term, “Experience Economy&rdq
Is Your Brand Prepared For the World Cup? 06/06/2018
As part of our series of articles about soccer’s World Cup and the greater sales opportunities it represents, today we are going to talk about how you should tackle these events.