Electricité Veit acquired by CEME

CEME, a Seven2-backed engineering group specialising in electrical engineering, climate control and energy efficiency solutions, announced the acquisition of Electricité Veit, a family-owned company with a long-established presence in France's Grand Est region. The transaction represents CEME's ninth acquisition since 2021 and forms part of the Group's ongoing strategy to strengthen its position in the French technical building services market. Founded in 1984, Electricité Veit serves residential, commercial and industrial customers and has recently diversified into electric vehicle charging infrastructure and photovoltaic solutions, expanding its capabilities in energy transition technologies. The acquisition supports CEME's external growth strategy by broadening its technical expertise, reinforcing its regional footprint and enhancing its integrated service offering. Electricité Veit's capabilities in electrical engineering and renewable energy infrastructure complement CEME's existing portfolio, creating opportunities for cross-selling while strengthening the Group's ability to deliver comprehensive design, installation and maintenance solutions. The combination is also expected to improve resource allocation across the organisation, increase purchasing leverage with suppliers and reinforce relationships with major public and private customers. Following completion, CEME intends to progressively integrate the engineering teams, harmonise project management methodologies and consolidate procurement processes and digital management tools across the enlarged organisation. These initiatives are expected to improve operational efficiency, strengthen project execution and support the deployment of innovative technical solutions throughout France. With an expanded portfolio spanning electrical engineering, HVAC, electric vehicle charging infrastructure and photovoltaic installations, the combined group is well positioned to capture growing demand for energy renovation, building electrification and decarbonisation projects, supporting sustainable long-term growth and reinforcing CEME's competitive position.