Abenex, a long-standing European private equity player, is delighted to announce its investment in Asgard Group
Abenex, B-Corp certified, has finalised an investment in Asgard Group, a French specialist in measurement, test, and monitoring complemented by related services.
Founded in 2002, the Asgard Group, based in Ris-Orangis, in the Paris region, has established itself as a key player in the field of test & measurement through its subsidiaries dedicated to instrumentation (AIOP), metrology services (Sofimae) and monitoring (Watteco and Newsteo).
Historically focused on the design of calibration and test equipment and the provision of maintenance and metrology services, Asgard has gradually broadened its product range, through acquisitions in the monitoring and IoT sectors. These add-on operations enable the company to serve a portfolio of over 20,000 clients, including top-tier clients across various industries, such as the energy, defence and the pharmaceutical industries.
The Group has a very solid technological foundation and provides premium products within the test and measurement global market. Asgard aims to pursue a buy & build strategy in order to expand its product range and associated services for its niche customer base.
Abenex’s investment has provided Asgard with substantial resources to pursue further acquisitions in a high-growth market. The Group’s objective is to acquire companies with a strong technological focus that will complement its instrumentation business or strengthen its service business. The target companies should offer complementary locations and services.
Luc Petitjean, CEO of Asgard, comments, “We are delighted to embark on this new phase of development, made possible by the support of the Abenex team, who has an in-depth knowledge of our business environment and market. Over the past three years, we have had the opportunity to work closely with the Abenex team, and we have been able to share our common vision of the Test & Measurement market and its evolution.”
Thomas Peretti, Partner, adds, “We are pleased to announce that we will be supporting Asgard’s management in this next stage of growth and development in the attractive Testing Inspection & Certification (TIC) market.”
Abenex deal team: Thomas Peretti, Angèle France, Sophie Bruna
