One year after EMZ’s investment in Axdis, the shareholders of Axdis and POwR Group announce the strategic merger of the two leading distributors of energy transition and renovation solutions.
By combining Axdis’ expertise in HVAC and photovoltaic solutions for the residential segment with POwR Group’s know-how in photovoltaics for commercial and industrial buildings, this transaction brings together two complementary groups, each of them leader in France in their markets. Moreover, the respective footprints of both companies abroad – in Spain and Portugal for Axdis and Belgium for POwR Group – further evidence the strategic relevance of this merger, which creates a European leader in the distribution of innovative, high-performance, and sustainable energy solutions for residential and professional buildings.
With more than €600 million in combined revenue and an EBITDA margin exceeding 10%, the group will serve as a one-stop-shop for the residential (both individual and collective housing), commercial, and industrial segments, meeting all installer needs in solar energy production and storage, HVAC engineering, electrical systems and insulation. Relying on a team of 400 professionals, the new group will continue to emphasize innovation and the value-added services that have earned Axdis and POwR Group the trust of their clients.
Capitalizing on favorable market trends and the commercial synergies unlocked by the merger, the group expects strong and sustained growth in the coming years. It also plans to pursue an active external growth strategy to accelerate its expansion and further strengthen its leadership across Europe.
Subject to antitrust approval, the merger is expected to be completed by the end of H1 2025.
Jean-Christophe Vigouroux, President of POwR Group declares: “We are thrilled to partner with Axdis – their extensive product range, technical know-how, and agility in developing new solutions make them the ideal partner for POwR. Together, we are creating a unique group, to support our clients in their energy transition journey over the long term. »
Thierry Hourquet, President of Axdis Group adds: “This merger marks a strategic milestone for Axdis. By joining forces with POwR, we are significantly accelerating our growth in the fast-growing commercial segment, and doubling in size to become a leading consolidation platform at the European level. »
Charles Mercier and Juliette Moisan, respectively Partner and Investment director add: “We are proud to support this merger between two reference players which share strong common values. The combined entity brings together all the key ingredients to become a European leader in renovation and energy transition: solid fundamentals on both sides, clear operational and commercial synergies, and an ambitious vision. »
