Apax Partners, alongside Société Générale Capital Partenaires and BNP Paribas Développement, has acquired CEME Group to enhance its growth strategy in the electrical and HVAC engineering sector in France.
Information on the Target
Founded in 1949 in Moulins, Central France, CEME Group stands out as a leader in electrical and HVAC engineering and maintenance. With over 70 years of industry experience, the company specializes in projects and services that enhance energy efficiency and ensure thermal comfort. Its clientele spans various sectors, including tertiary industries, local authorities, and individual customers.
CEME Group has established a robust operational framework, employing approximately 700 staff members across 22 locations nationwide. The company reported revenues close to €125 million, demonstrating its significant market presence with 1,600 completed projects in 2021 and a diverse customer base of over 800 clients.
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Industry Overview in France
The electrical and HVAC services industry in France plays a vital role in supporting sustainable energy practices and enhancing energy efficiency. As the French government pursues ambitious climat
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Disclosed details
Revenue: $135M