Every month, we highlight M&A deals that help us decipher sector trends. Here are the transactions we have selected for May:
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Strabag Property & Facility Services, a German real estate services group, enters the Luxembourg market with the acquisition of the Elco Group, a specialist in multi-technical building services in Luxembourg. Founded in 1945, the Elco Group has sales of €59 million and over 450 employees.
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Alfeor, a French industrial fund, takes over 60% of the capital of Ateliers de la Meuse, a Belgian industrial company specializing in the manufacture of large-scale mechanical-welded parts. The company, which had sales of around €10 million before being declared bankrupt last November, was owned by the Walloon region, which retains 40% of the capital. Alfeor aims to create an equipment group for the nuclear industry, by leveraging the company’s know-how in the manufacture of nuclear waste storage drums.
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Epsa, a French consulting group, acquires MoneyOak, a Belgian consulting firm specializing in tax incentives for innovation, with sales of over €10 million. The Epsa group, 20% owned by Tikehau Capital, Bpifrance and Crédit Mutuel, completes its tenth external growth operation since 2022, taking its sales to €460 million.
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Bpifrance and Mubadala, Abu Dhabi’s sovereign wealth fund, invest around €100 million in Socotec, the French construction certification specialist, for a minority stake that would value the company at €3.2 billion. Socotec has sales of €1.3 billion and has made over 60 acquisitions with its reference shareholder, the Belgian investment company Cobepa.
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Bridgepoint, a British investment fund, acquires LumApps, a French publisher offering a SaaS collaborative working platform, for €598 million. Founded in 2015, LumApps is targeting €80 million in sales by 2024 and has 350 employees. Bridgepoint aims to develop the company in Europe, the USA and Japan.
Sources: S&P Capital IQ Pro, Capital Finance, Paperjam, L’Echo, Les Echos
#M&A #Mergers & Acquisitions #Market trends #Corporate strategy #Luxembourg #Belgium #France
