6 may 2015

Veolia steps up growth on the French energy services market with the Acquisition of Altergis

Veolia has acquired Altergis (1) thus reinforcing its skills base to propose innovative and independent solutions from any leading energy provider. These solutions will associate the experience acquired by Veolia around the world to the company’s local network in France, while benefitting from the Group's latest technological innovations.

Alteragis

Reinforced by this acquisition, Veolia will propose new energy efficiency solutions in France, benefiting from its international expertise, with its 26,000 experts in energy, and the management of 2.4 million multi-unit dwellings, 1,802 industrial sites and 529 heating or cooling networks.
Local solutions incorporate the latest technological developments, such as an integrated energy management center for an optimized management of resources.
These innovating and performing solutions supported by joint expertise of Altergis and Veolia, notably illustrated in the industrial sector in energy performance contracts with PSA and Novartis in France. 

 
Antoine Frérot - portrait




Antoine Frérot,
Veolia Chief Executive Officer 
"Less than nine months after selling Dalkia France’s business to EDF, the acquisition of Altergis will enable Veolia to develop its energy services business in France and to provide its customers with new and differentiating products and services benefiting from Veolia’s comprehensive expertise in the field of energy services. It ties in perfectly with our aims and commitment to being fully engaged in the energy transition in France"  explained Veolia CEO, Antoine Frérot.

Altergis offers a global range of energy services - thermal, electric, renewable -, from design to operations and maintenance for local authorities, housing, health, tertiary and industrial sectors, generating a turnover of €70 million euros and employing 400. The company provides services for 72 towns, 38 hospitals and 1,870 energy sites.
A few references: production of heat and cogeneration for Grasse hospital (Alpes-Maritimes), the construction of a stand-by electricity center for the Orange Data Center at Val-de-Reuil (Eure), and the energy performance contract for Annonay high school (Ardèche). 

 
Veolia steps up growth on the French energy services market
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Press Release



[1] Veolia has signed an acquisition agreement with Altergis shareholders, obtaining 100% control of the company. This project requires the approval of the French competition authority.