EMZ is part of an investor consortium led by Ardian, alongside Tikehau Capital, which succeeds to historical shareholders Equistone Partners Europe and Sagard.
Vulcain Engineering is a multi-specialist engineering group with strong technical expertise with a focus on industry decarbonation, of more than 3.500 employees worldwide. The company has achieved impressive organic and external growth over the past few years, reaching €370m in 2023 vs €160m in 2019. Vulcain Engineering is positioned at the crossroad of multiple key industry mega trends (energy transition, sovereignty…) in Europe, and constitutes a preferred partner for key contractors in the fields of energy, life sciences, and transports. This new LBO will allow the company to pursue its growth in its current markets, as well as to expand its footprint in the UK, Northern Europe and Americas, including through M&A operations.
Our due diligence work has allowed to confirm the robustness of Vulcain’s positions and market trends in a context of deep industry transformation: in particular, the expertise of Vulcain’s consultants in its main activities was highlighted, as well as its excellent reputation with its long-standing clients.
We wish an excellent growth trajectory to Vulcain Engineering teams and to their new partners, EMZ Partners, Ardian and Tikehau Capital.
