Cougnaud will remain 100% family for a long time to come. The Vendée group, which claims the first French rank in construction and modular rental, announces a new transmission process leaving room for the third generation.
Founded in 1972 by Yves Cougnaud, an emblematic figure of Vendée industry, Cougnaud is currently managed by his four sons, including Eric, 61, the eldest and CEO. He and his brothers therefore announce their operational withdrawal ” within two or three years “. An operational general manager will be recruited this year while the next generation settles down, within five to ten years, according to a governance type management board and supervisory board. They are eleven cousins aged 15 to 33 who can take orders at this time. To organize this gradual succession, the group called on specialist consultants using a method already adopted by other family mid-sized companies such as the Nantes public works group. Charier.
Public procurement is well resumed
In the meantime, Cougnaud is overcoming the crisis. The group achieved a turnover of 306 million euros last year, up slightly, with 1,500 employees. Eric Cougnaud anticipates growth of around 5% this year, which could be revised upwards with the impact of the prices of construction materials, mainly wood and steel.
After a post-municipal air hole, public procurement, which represents a third of calls for tenders, got off to a good start. Cougnaud mentions, among other things, the order for a housing residence for the Olympic Works Delivery Company, north of Paris, a shared workspace for the CNES in Toulouse, as well as colleges and military achievements. Greater Paris is a major draw for the group, says Eric Cougnaud.
Continue to invest
The company thus produces 220,000 square meters of surface each year and has a fleet of 60,000 rental modules, equipping ” seven major projects out of ten in France. The offer therefore extends from the office to housing and from the perennial “architectured” building to the temporary installation.
As for innovation, it is geared towards the new environmental regulations (RE 2020), the group also being a minority shareholder of HGCT low carbon cements. To support these challenges, an investment program of 9 million euros is under way for the industrial pole in La Roche-sur-Yon, in Vendée, while a 25 million euros program will end this year in the rental agencies of the Cougnaud Services branch in Lille, Strasbourg and Toulouse.