FDE expands its Norwegian capabilities
with the Strategic Acquisition of Alltec AS
Pontpierre, France, April 9th, 2025 - FDE (Euronext: FDE - ISIN: FR0013030152), a leading carbon-negative energy producer, announced the strategic acquisition of 100% of Alltec AS in Norway for a total of €9.0M[1] in cash and shares in FDE's Norwegian holding company controlling all its operations in this country.
With 50 employees, Alltec is a Norwegian entity focusing on engineering, procurement and construction of renewable energy solutions mainly in Norway, with a proven expertise in biogas, hydrogen and ammonia. This profitable new subsidiary already achieved annual revenues of c. €9.4M[2] in 2024.
The acquisition is expected to be immediately accretive to Group's earnings and strengthens FDE's presence in the fast-growing Norway low carbon energy market.
This transaction follows FDE's acquisition of Greenstat, a prominent hydrogen and solar operator, last year and the ongoing expansion of Biogy Solutions, a high-growth Renewable Natural Gas (RNG) operator in Norway created by FDE. These investments form a robust independent platform, expected to contribute by 2030 over €80M in annual revenues and €40M in EBITDA, representing a significant portion of FDE's 2030 objectives.
Leading to Strong Market Positioning and Strategic Impacts
This key acquisition significantly accelerates FDE's position in Norway's energy transition, offering immediate operational synergies, revenues enhancement and long-term growth opportunities for investors.
Alltec is the only end-to-end low carbon energy EPC (Engineering Procurement and Construction) solution provider with a unique knowledge in electro-automation and Control Systems for low carbon energy systems in the Norwegian market. Alltec also owns one of Europe's largest green energy test centers, certified with the prestigious Katapult label in Norway. Its Energy House specializes in low-carbon fuel and gas production (hydrogen, e-fuels, and RNG), as well as blending, storage, distribution and direct industrial applications for these low carbon energies.
These capabilities enhance the Group's existing technical expertise, expecting to reduce the development costs of FDE's future projects and shorten time-to-market while increasing FDE's project pipeline and exposure to new markets in Norway and Europe, including for its Cryo Pur technology.
"Alltec has built a strong reputation for innovation in renewable energy projects and deep customer relationships", said Bjarte Salomonsen, Chief Executive Officer of Alltec AS. "As the world accelerates its transition to low-carbon energy, successful projects require smarter solutions and reliable partners with proven expertise to develop them. FDE shares this vision and brings top-tier engineering, development and project management capabilities that, combined with Alltec, will allow for the Group to capitalize on this high-growth market, projected to reach c. €2 billion annually in Norway alone by 2030, according to Norway's ministry of Energy."
Alltec: Driving Value Creation and Market Leadership
"Our initial collaboration with Alltec started in 2022 when we worked together on the first RNG plant delivered in Norway, using our patented Cryo Pur technology to capture and upgrade CO2. The integration of Alltec in our Group creates a uniquely positioned leader in Norway's RNG, hydrogen and solar value chains. Importantly, Alltec will continue to operate independently as an EPC provider, ensuring brand integrity while significantly contributing to FDE's financial performance and projects development. Both companies share the same DNA in the way to conduct operations: agility, innovation, proximity with all stakeholders and positive impact .", said Antoine Forcinal, Chief Executive Officer of FDE.
With the Norwegian Offshore Directorate forecasting a 60% decline in oil and gas production by 2050, the shift toward green energy infrastructure presents a multi-billion Euros market opportunity. This allows Alltec to be confident in its ability to secure new contracts with, to date, a qualified pipeline of projects exceeding €100M.
Norway's goal of reducing greenhouse gas emissions by 90-95% from 1990 levels by 2050 underscores the demand for accelerated investment in low-carbon energy. FDE and Alltec are well positioned to support this structural trend.
Financial Strength and Shareholder Value
"This acquisition represents a disciplined and high-value deployment of capital, reinforcing our competitive advantage while maintaining our strong financial position," said Aurélie Tan, Chief Financial Officer of FDE. "The transaction is structured with c. 30% cash and 70% equity consideration, ensuring our Net debt to EBITDA ratio remains conservative. The acquisition is projected to be accretive to revenues in its first full year, with immediate synergies across the Group as Alltec will enhance the speed and cost-efficiency of deploying our existing RNG pipeline, advance the Agder hydrogen project, and streamline execution across our solar initiatives."
Financial outlook confirmed for 2030
With a solid financial foundation, enhanced revenue visibility, and a clear growth strategy, FDE is well-positioned to capitalize and seize opportunities in the accelerating green energy transition in Norway and beyond.
- Annual revenues more than €175M
- EBITDA above €85M
- Over 20 million tons of CO2 eq emissions avoided per annum
Next event:
Q3 2025 sales: April 24th, 2025
| Reuters code: FDEL.PA | Bloomberg code: FDE.FP |
| Press contact@francaisedelenergie.fr + 33 3 87 04 34 51 | Investor Relations ir@francaisedelenergie.fr +33 3 87 04 34 51 |
About La Française de l'Énergie (« FDE »)
FDE is an independent multi-energy producer dedicated to making Net Zero happen. As a specialist in local energy systems and the circular economy, FDE capitalizes on its industrial know-how ranging from engineering, energy production to CO2 storage to provide energy solutions that combine carbon footprint reduction with better resilience of the associated eco-systems.
More information available on http://www.francaisedelenergie.fr
About Alltec
Alltec is a Norwegian company specializing in the development, engineering, and implementation of renewable energy solutions, particularly within biogas, hydrogen, and ammonia. The company offers EPCIC services (Engineering, Procurement, Construction, Integration, and Commissioning) and O&M (Operation & Maintenance) services, with expertise in system integration and tailoring solutions for optimal energy performance.
More information available on www.alltec.no
Disclaimer
This press release contains certain forward - looking statements and estimates concerning LFDE's financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as "anticipate," "believe," "can," "could," "estimate," "expect," "intend," "is designed to," "may," "might," "plan," "potential," "predict," "objective," "should," or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management's current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company's control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.
[1] NOK 105.5M
[2] NOK 109M (audited)
- SECURITY MASTER Key: lG1yaZSclWaWnmxslpiWapZsb2mSxWKWZpSexWFwZsuaaW2Vm22TaJaYZnJhnmpp
- Check this key: https://www.security-master-key.com.
https://www.actusnews.com/documents_communiques/ACTUS-0-90953-090425-uk_vf.pdf
© Copyright Actusnews Wire
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free
