MONTIGNY LE BRETONNEUX, FRANCE: Dolfines SAS, an independent specialist in engineering and services for the renewable and conventional energy industry, has completed the acquisition of 8.2 France, one of the world leaders in the expertise of renewable energy production parks.
On this occasion, DOLFINES has set up with the investment company Negma a financing line adjusted over the duration of the Cash&Value21/25 Plan.
Commenting on this acquisition, Jean-Claude Bourdon, President and first shareholder of DOLFINES with 11.5% of the capital, said: “First major milestone in the realization of the Cash&Value21/25 Plan, the acquisition of 8.2 France is carried out at the very time when the strong dynamics of the ecological transition in all of our activities are being expressed, amplified by the prospects of a gradual recovery of energy demand in the world. Multiplying our skills in a market with many variations and significant growth, this acquisition illustrates the ability of DOLFINES to boost the engineering and services market of the renewable and conventional energy industry. Services to the offshore wind market will be a major component of our Cash&Value21/25 Plan.
The financial partnership with Negma Group, whose realistic and ambitious vision quickly joined ours, completes the structuring of our project and gives it all its depth and credibility. The strong presence of Negma Group in a Middle East increasingly positioned on the issues of ecological transition is in line with our historical culture and opens up attractive prospects, both financially and operationally.
By simultaneously completing in less than two months the acquisition of 8.2 France, the setting up of the financing line with Negma and the division of the nominal of the DOLFINES share by two, DOLFINES affirms its ability to structure its future profitable growth and makes it attractive to new shareholders”.
Bruno Allain, President of 8.2 France, added: “We are delighted to join the DOLFINES teams, whose expertise in floating, anchored and onshore foundations, project management in France and abroad and finally the engineering of complex offshore and onshore projects provides a major commercial, geographical and strategic complement to our offer.
The markets that we have been addressing for more than ten years are now experiencing an acceleration of their growth that the new group will be able to take advantage of. Thanks to this integration and the arrival of the Negma fund, we will be able to build an organization with solid foundations, continue our migration to digital and AI to better meet the needs of our customers”.
François Houssin, Managing Partner of Negma Group, commented: “We are very happy to support the Cash&Value21/25 Plan of the DOLFINES Group in order to enable it to accelerate its profitable growth in services and innovation, through dynamic organic and external growth such as 8.2 France, a promising first step of the plan. Negma’s investment for this ambitious business project demonstrates our commitment to support the growth of future European leaders in the energy transition”.
The acquisition of 8.2 France is financed partly in cash and partly in existing DOLFINES shares attributed to the management of 8.2 France in a dynamic of profit-sharing in the business project.
In addition, DOLFINES has signed a financing agreement with Negma Group, the principle of which was approved unanimously by the shareholders present and represented at the Joint General Meeting of June 29, 2021.
It gives DOLFINES the possibility to issue, on its exclusive initiative and according to its future needs, bonds convertible into shares with warrants for shares attached. This financing line will strengthen the solidity and financial credibility of DOLFINES over the duration of the deployment of its Cash&Value21/25 Plan and contribute to the financing of its growth in a context of strong activity responding to calls for tenders and negotiations with a view to the signing of significant contracts.