ALDES, is an international family group based in Vénissieux (69), France, whose business responds to the needs of indoor air quality, thermal comfort and energy management in buildings. They provide: ventilation (self-adjusting and humidity-sensitive MEVs, HRV, Digital air purification…), Heating/Cooling/Domestic Hot Water and CVC. Created in 1925 the ALDES Group employs 1300 employees and has a turnover of c. 220 million euros at the end of 2015. The ALDES Group operates in nearly 60 countries in the world and holds a leading position in many European markets.
Created in 1957 and reputed for its know-how, EXHAUSTO is held by AXCEL, a Danish private equity fund and the company VKR Holding. The group is today a leader in Northern Europe, principally in Denmark, Sweden as well as in Norway and holds a prime position in Germany. In 2015, the group generated a turnover of 63 million euros with a total of 286 employees.
For Stanislas LACROIX, Chairman of the ALDES Group, “this acquisition is a major step in our international development, notably in Germany, and it will open the doors to Scandinavia. The know-how of EXHAUSTO corresponds perfectly to the demands of the ALDES Group. It will enable the ALDES Group to reinforce its skills and solutions to increase its growth in Europe and in the rest of the world.”
Thanks to its international MidCap Alliance network Wagram Corporate Finance has been able to develop with Atrium Partners, its Danish M&A local partner, a strong and intimate relationship with the environment of the target. Wagram Corporate Finance has long-standing experience in helping groups within their international build-up strategy.
Wagram was exclusive advisor to ALDES with its Danish MidCap Alliance Partner.