DDA & COMPANY advises GANEO shareholders in the sale of the company to IFS Group
With €40m revenue, the IFS Group has acquired Ganéo, a company specializing in the design and creation of power banks under the X-Moove brand.
Working with the main players in the retail sector, Ganéo offers a wide range of accessories for mobile phones as well as high quality electronic accessories.
With its expertise in these two areas, the company also works for major distributors’ brands in France and abroad.
Regarding the acquisition, the managers and shareholders of the IFS Group have commented the following:
« As we need to adapt and react to market developments, we must complete our offer and bring together high-performance teams with complementary expertise. Ganéo joined IFS in May 2019 to provide product and creative know-how. The Company’s offer will enhance our current offer by meeting the creativity and responsiveness needs of our customers.
Our mission and ambition is to become a specialist in the manufacture of retail products in various fields such as high-tech, small electrical appliances, housing, leisure, bagging, etc. »