on Thermador Groupe (EPA:THEP)
Thermador Groupe Enters Exclusive Negotiations to Acquire C2AI
On December 17, 2024, Thermador Groupe initiated exclusive negotiations to acquire 100% of C2AI company shares through its parent company MMT. C2AI, located in Décines, specialises in fluid control and environmental measurement equipment for industrial clients.
In 2023, C2AI reported a turnover of €10.3 million and an EBITDA of €1.162 million. The company employs 45 people primarily in the Lyon area. C2AI's offerings align with those of Sectoriel and Distrilabo, enhancing Thermador's footprint in the industrial instrumentation sector.
Founder Gilles Marchand, age 60, will remain CEO for five years to oversee business growth and integration. The memorandum of understanding is expected to be signed by mid-2025.
R. E.
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