OTEGO has acquired a majority stake in Calomatech, a specialist in industrial thermal insulation, to enhance its energy efficiency offerings and support its growth strategy in response to rising energy costs and decarbonization demands in the industrial sector.
Information on the target
OTEGO, a leading global player in technical textiles for the rubber industry and heat protection for personnel and equipment, has announced the majority acquisition of Calomatech, a specialist in industrial thermal insulation. With nearly €30 million in revenue and a workforce of 100 employees, OTEGO operates in 110 countries. This acquisition marks a significant step in OTEGO's growth strategy, aimed at reducing thermal losses and the carbon footprint of industrial operations both in France and internationally.
Founded in 2017, Calomatech focuses on providing turnkey thermal insulation solutions, directly addressing the energy efficiency needs of industrial facilities. The company has established a strong reputation in various sectors, including food processing, pharmaceuticals, and naval industries, working with major clients such as Sanofi and Total.
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Industry overview in the target’s specific country
The industrial sector in France is currently facing significant challenges due to rising energy costs and increasing decarbonization requirements. As industries seek immediate and measurable solutions to enhance their energy performance, th
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OTEGO
invested in
Calomatech
in 2026
in a Buyout deal
Disclosed details
Transaction Size: $32M
Revenue: $3M