New investor for window and door manufacturer
Nuavo has become the majority shareholder in the Jura-based door and window manufacturer Domofen. This is the company's first investment to provide capital and expertise in partnership with a group of renowned Swiss entrepreneurs.
Nuavo Holdings AG has made its first investment together with Swiss entrepreneurs and acquired Domofen AG, based in Courgenay. Founded by Claude Beynon in 1999, the company manufactures PVC windows and doors and has been managed by his son Fabrice since 2018. Under his aegis, Domofen has expanded considerably over the past five years and invested in new production facilities and state-of-the-art equipment, according to a Nuavo press release.
Fabrice Beynon wants to further expand the family legacy with this partnership: “Choosing Nuavo as a partner was a natural decision,” he is quoted as saying. “In addition to their financial commitment, their entrepreneurial thinking and practical approach make them the ideal partner for Domofen. They respect our heritage, our team and our vision for the future and I look forward to working with them.” As a co-shareholder and key member of the management team, Fabrice Beynon will continue to be actively involved in the day-to-day operations of the company.
“Domofen is exactly the kind of company we founded Nuavo for,” says co-founder Philipp Ries. “We see Domofen as a solid company with incredible potential and our goal is to work with the team to create new opportunities while preserving the company’s unique identity.”
Nuavo’s founding team of three also includes Raphael Gindrat, founder and former CEO of Bestmile. The start-up’s platform for orchestrating autonomous vehicle fleets was acquired by technology group ZF in 2021. As Gindrat now emphasises in a separate announcement, Domofen will continue its operations “with the same team, the same values and the same excellence”. And he emphasises: “At Nuavo, we do things differently. We are not just investors – we are entrepreneurs investing in entrepreneurs.”