Meaux, October 21st, 2014 – Industrial Equipments
Altamira closes the acquisition of Collard & Trolart Thermique SAS, a leading provider of DH/CHP, Industrial Steam and Heating equipments.
Created in 1929, Collard & Trolart Thermique is the main supplier of the Paris district heating, providing heat to over 500,000 buildings and Europe’s largest steam network. With 80% of CAC 40 companies using its products, it is a recognized thermal efficiency solutions specialist.
Collard & Trolart has a long tradition for product innovation: It has pioneered important industry breakthroughs such as the first gas-fired condensing water-heater. Today, its main areas of focus are in heat transfer technologies and combustion systems.
“Combined Heat & Power / District Heating is the most efficient system available to distribute thermal energy. With increasing energy costs and tighter greenhouse gas emission targets, authorities in Europe and around the world are eager to boost its share of the total heating consumption. Moreover, industrial players will continue to invest in heat recovery”, said Benoit Francois.
“We’ve been looking at this sector with a lot of interest. DH/CHP systems are key components of decentralized power and smart city developments. With its large product range and very specific know-how, Collard & Trolart is ideally placed to capture an increasing share of the market. We look forward to work jointly with the management team on an exciting growth plan over the coming years”, said Charles Baumgartner.
“This partnership is a crucial step in Collard & Trolart’s development. We are looking forward to work with Altamira to exploit our technology across other regions”, said Mark Nunan who will remain invested in the business.
In this transaction Altamira is backed by Banque Publique d’Investissement (BPI France), Crédit Industriel et Commercial (CIC) and Société Générale.