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Grolleau lists on Euronext Growth Paris


  • €8 million raised
  • Market capitalisation of €27 million
  • 58th listing on Euronext Paris in 2021
  • 187th listing on Euronext in 2021

Paris – 03 December 2021 – Euronext today congratulates Grolleau, a major player in Smart Territory infrastructures, on its listing on Euronext Growth Paris (ticker code: ALGRO).

Grolleau supports the technological development of cities and territories with a complete offer of technical infrastructure, innovative solutions and services dedicated to building smart territories. Grolleau is the French leader in the design and production of urban metal cabinets, dedicated to energy and water management, and telecommunication cabinets, and the leading French manufacturer of urban electric charging stations. The company has also launched an innovative turnkey modular data centre offer for the management and security of data processing. With this Initial Public Offering (IPO), Grolleau will continue its commercial development to meet the challenges of digital transformation and energy transition both in France and on a global scale, accelerate the digitisation of its industrial site in Montilliers and make targeted acquisitions that complement its existing businesses or skills.

Grolleau was listed through the admission to trading on 3 December 2021 of the 2 842 105 shares making up its equity and of 842 105 new shares issued under a Global Offering[2], after full exercise of the extension option.

The admission and issue price of Grolleau shares was set at €9,50 per share. Market capitalisation was €27 million on the day of listing. The IPO raised €8 million altogether.

The Offering was a resounding success with international institutional and individual investors. The Offer was oversubscribed 2 times.

Laurent Marbach, CEO of Grolleau, said: “It is with ambition that we are launching our IPO. For 70 years, we have successfully accompanied the technological changes in cities and regions in an increasingly connected world. Needs and investments in the fields of energy, telecommunications and even urban mobility are accelerating, particularly with the deployment of 5G and connected objects. We are part of this promising dynamic, backed by our industrial experience and our already-established leadership positions in the design and manufacture of secure outdoor infrastructures. With additional resources, Grolleau will be able to strengthen its position in its three growth markets (urban, in particular electric mobility, industry and telecoms through the deployment of fibre optics and data processing), develop new high-potential markets and accelerate its international presence. We will also invest in the digitalisation of our industrial plant and be able to seize targeted acquisitions that are complementary to our businesses or skills. We are already mobilised to build the key player in the Smart Territory.”

Grolleau - IPO Euronext Growth

Caption: Laurent Marbach, CEO of Grolleau, and his team rang the bell during a ceremony this morning, in the presence of Jérôme Hervé, Listing Director SME Ile-de-France and Nouvelle-Aquitaine at Euronext, to celebrate the IPO of the company.

About Grolleau Founded in 1950, Grolleau is a French industrial player specialising in the supply of infrastructure equipment to support the development of smart cities and territories, which are developing rapidly with the deployment of 5G and connected objects. Grolleau is the recognised specialist in outdoor equipment for the protection and security of critical technologies that ensure the proper functioning of territories (energy and water management, connectivity and telecommunications, green mobility, smart grid). Grolleau is the French leader in urban cabinets (telecoms/energy) and the leading French manufacturer of on-street electric charging stations. As a French designer, manufacturer and installer of its equipment, Grolleau controls the entire value chain, from design to delivery, from its industrial site in Montilliers (Angers), which covers more than 60,000m2 and employs 200 people. The company had a turnover of €22.3 million as of 31 March 2021 and intends to more than double its turnover by 2025-2026.


[2] The Global Offering was made up of a Public Offering that included an Open Price Public Offering and a Global Placement with institutional investors in France and other countries.



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