Eurazeo completed the acquisition of a majority stake in SMP Energies.

Eurazeo, an investment company, completed the acquisition of a majority stake in SMP Energies, an oil & gas and geothermal drilling and workover contractor. Financial terms were not disclosed. “We are thrilled to partner with EPBF as our new majority shareholder. Their long-term commitment and impact-driven investment strategy are fully aligned with our vision: to make SMP Energies a European leader in deep geothermal energy and a key player in the energy transition. This partnership will accelerate our growth, strengthen our industrial and technological capabilities, and help us scale our impact,” Fabien Lemesnager, SMP Energies CEO.