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Announced

Arkea Capital-led consortium to acquire a 19.2% stake in Delta Dore from Schneider Electric.

Synopsis

Arkea Capital-led consortium to acquire a 19.2% stake in Delta Dore, a smart home and energy savings company, from Schneider Electric, a company that specializes in digital automation and energy management, with participation from Unexo and BNP Paribas Développement. Financial terms were not disclosed. "The Crédit Mutuel Arkéa group has known Delta Dore for a long time - this is also the case for Crédit Agricole and BNP Paribas. We are delighted to accompany a reference mid-cap in Brittany and France. Beyond its historical financial performance, Delta Dore operates in a particularly dynamic addressable market, boosted by regulations on energy sobriety. In particular, we appreciate the company's strategic vision of contributing to the energy transition and its ambitious development plan in France and Europe. Finally, the group's strong involvement in CSR is fully in line with our commitment to support actors in the territories to meet the challenges of the environmental and societal transition," Eric Besson-Damegon, Arkea Capital Associate Director.

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