The company has factories as well as commercial subsidiaries in France, Germany, UK, Italy, India, Morocco and China, and over 750 employees around the world. Bouygues stressed that Nigeria was a country with enormous business opportunities in manufacturing, construction, real estate, oil and gas, which are major sectors of the country’s economy. He stated that GYS supplies products to neighboring African countries but not to Nigeria.
He spoke further: “I think Nigeria is the right market for many types of products. First, I was very surprised at the level of proficiency in international business. Nigeria is very much used to deal in the sub-region but everywhere in the world. I saw a lot of talents in the entrepreneurs, which looks globally.
It was founded in 1964, in Laval, France by Guy Yves Stephany with the purpose of manufacturing autotransformers on behalf of EDF, following its decision to change the electrical voltage in west part of France from 110V to 230V.Narrating the company’s trajectory, Bouygues stated that it was bought by two industrial holdings between 1980 and 1996. During the same period, the company expanded its portfolio of welding products. In 1997, the current management acquired it.
From 2004 to today, the group has expanded its three product families: Arc welding equipment — arc welder, TIG welder, MIG welder and Plasma cutter; Automotive body repair equipment — spot welder, dent puller, MIG welder, lifting equipment, and rivetting equipment, and Battery service equipment — battery charger, battery starter, booster and jumper cables.