The Nantes-based group, which specialises in energy-efficient building renovation, has recently completed three new acquisitions. It has acquired three entities from Synexia group, which specialises in assisting the property sector in making the energy transition. The experts at AURIS Finance, a consultancy specialising in mergers and acquisitions, provide an in-depth analysis of this latest market move.
In September, Altyn concluded a significant inorganic growth transaction, acquiring three companies from Synexia Group, headquartered in Loire-Atlantique, Indre-et-Loire and Vienne. Altyn, a key player in the energy and climate sector, specialising in the energy, environmental and digital transition of buildings and regions, has acquired A2MO, a group specialising in property strategy and the management of complex projects (a 2023 turnover of €11 million). Additionally, Altyn acquired Omnia Ingénierie, which provides project management and technical assistance services (with a 2023 turnover of €1.5 million), as well as Omnia Numérique, which specialises in the digital transformation of organisations and the utilisation of construction data.
New and complementary areas of expertise
This acquisition will enable Altyn to strengthen its workforce. The group now employs a total of 800 people, with almost 100 new employees joining the team. Furthermore, Altyn is acquiring new areas of expertise that complement its core business. The Nantes-based group is a market leader in the building energy performance segment. The company provides a comprehensive suite of energy services, structured around the ESCO (Energy Service Company) model. The company’s services include energy audits and design studies for renovation solutions, as well as implementation and management of works, maintenance operations and energy monitoring. These three acquisitions represent a significant step forward for Altyn, reinforcing its position as a market-leading provider of engineering, consulting, and services related to energy, environmental, and digital transitions.
Inorganic growth
In 2023, Altyn posted a turnover of €109 million, representing a 68% increase year-on-year. The company is now pursuing its goal of becoming France’s leading independent energy service company (ESCO). In addition to organic growth, the company has also pursued an acquisition strategy to drive expansion. Excluding new acquisitions, the Group’s revenues rose by 42% year-on-year. In September 2023, Altyn completed the acquisition of Dujardin, a general contracting company based in Roubaix. This strategic acquisition allowed Altyn to expand its footprint in Lille and the Hauts-de-France region, while also diversifying its capabilities, particularly in structural work and external thermal insulation. Dujardin thus became the group’s seventh subsidiary, in addition to Alterea, Becia, Alteresco, Aveltys, Cyrisea and Revalio.
Our experts at your service
By pursuing a focused acquisition strategy, Altyn Group has established a comprehensive business structure comprising multiple subsidiaries, allowing it to address the full spectrum of the construction value chain. In order to gain a foothold in new markets, major players in the sector are positioning themselves on local market leaders. SMIs in the sector with expanding portfolios are now being pursued as acquisition targets. AURIS Finance has a dedicated engineering division.
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