Boccard enters into exclusive discussion with Altawest group, for the acquisition of Leroux & Lotz Technologies, an industrial boiler manufacturer,and the creation of a European leader in renewable thermal energy.
- Boccard, a French industrial turnkey contractor for over 100 years, enters into exclusive discussion to acquire Leroux & Lotz Technologies (LLT), a historic French player in the industrial boiler market.
- Boccard-LLT would become a European leader in integrated renewable thermal energy through the energy recovery of biomass or waste.
- The combination of the know-how of Boccard and LLT would allow significant progress in the energy transition through the unique expertise in power plant construction processes (biomass/waste) that integrate boiler, energy recovery, flue gas treatment and carbon capture.
Providing technical solutions for integrated, sustainable power plants that meet the decarbonization and waste recovery objectives imposed by COP21
The strong growth of the Biomass- and Waste-To-Energy power/steam plants, both in Europe and internationally, is driven by three needs:
- Decarbonize electricity production, industrial processes and heat networks;
- Develop the efficiency of biomass and waste recovery and carbon capture;
- Strengthen the energy sovereignty of States while optimizing their operational expenditures.
Boccard’s and LLT’s combined expertise brings innovative solutions to the market to meet these challenges.
Creating an integrated, European, world-class leader with differentiating technologies for biomass- and waste-to-energy plants
Founded in 1946, LLT designs, manufactures and builds combustion and gasification systems as well as boilers for biomass- or waste-based fuels. Additionally, it provides carbon capture technologies and operations support services.
Boccard, founded in 1918, is, on the alternative energies segment, an expert in heat exchanges, the integration of turbines and in flue gas treatment. It also brings its know-how as an industrial contractor in the management of large turnkey projects.
Boccard and Altawest have entered into exclusive committing discussion, with conditions.
Bruno Boccard, President of Boccard, specified: « We are proud to welcome LLT teams within Boccard and to strengthen our offer for the ‘Advanced Energies’ segment thus becoming a European leader in renewable thermal energy. This major acquisition reflects our upgrade in our clients’ value pyramid and enriches our ‘menu’ or ‘à la carte’ business offer, turnkey power plant vs boiler. Our common values are also the promise of harmonious integration. »
Philippe Garelli, Chairman of Altawest, commented: « This alliance with Boccard will enable LLT to extend its offer more widely, by integrating it into contracts for complete thermal power plants, and to accelerate its growth in Europe. »
Patrick Blanc, President of LLT, added: « Joining Boccard is a key step in the development of LLT. It gives us the means to achieve a new ambition by accessing new and growing markets. It enables us to pursue the long-term development of our portfolio of technologies and services, which are particularly relevant in today’s and tomorrow’s markets. This is a great opportunity to strengthen our position as a key player in the energy transition, by supporting our customers in the production of low-carbon energy. »
As part of the legal ‘information-consultation’ process, the employee representative bodies of both entities were informed on 15th May, 2024, with a view to ‘consultation’.
