Paris, March 2nd, 2022. The strategy consulting firm Neovian Partners supported the Agora Technologies group, in the context of the restructuring of its capital, by completing a Vendor Strategic Due Diligence.
Created in 1836 and originally specialised in foundry products for public lighting and street furniture, the group has developed a broad range of capabilities through progressive business integrations such as the acquisition of Eclatec in 2005, leading to the creation of Agora Technologies in 2017, a group currently composed of four subsidiaries: GHM, Eclatec, Metalec and TTT. Together with Metalec, Eclatec manufactures between 200,000 and 250,000 luminaires each year, of which 95% are LED-based, thus realising €82.3 million in turnover, whilst GHM is a historic French foundry, generating €71.5 million of revenues in 2019.
The mission of Neovian Partners carried out a Strategic Vendor Due Diligence, by analysing the depth and dynamics of the Luminaires, Supports and Street furniture markets and their competitive environments. Neovian Partners also identified several growth opportunities, such as benefiting from export opportunities in a selection of geographical areas, developing smart IoT solutions for public lighting, integrating an in-house solution in the field of galvanisation or establishing a partnership with a specialised player in the street furniture market.
The team was led by Patrick Richer, Founding Partner and Leonid Dorogoï, Head of Lyon.
“ Neovian Partners has carried out an in-depth study of Agora Technologies’ markets. Leveraging its production capabilities and reputation on both the luminaire and support markets as well as benefiting from a strong historical legacy, the group has secured a solid position in its competitive environment. Largest player with a strong network, Agora Technologies is among the few to produce luminaires in France on a market which shows a strong preference for “made in France” products. Given the solidity of the market and the numerous growth opportunities, Agora Technologies is likely to pursue its strong development. “
Patrick Richer, Partner
About Neovian Partners
Neovian Partners is a consulting firm specializing in the creation of tailored solutions in Strategy, Business Due Diligence, Strategic Screening and HR/Leadership, serving fast-growing investment funds, SMEs and MSCs. Based in Paris and Lyon with a team of about 30 consultants, Neovian Partners is also present internationally, with a network of partner firms with more than 500 employees in 21 countries. Neovian Partners is a generalist firm but with a particularly important project history in software, IT, Internet, Industry, Health and MedTechs, as well as in many niche sectors. More information on : www.neovianpartners.com