Created thirty-one years ago in Montrouge, the electronics ETI Steliau is preparing to open a new page in its history.
The French fund Astorg takes a majority stake in its capital.
Little known to the general public, this company designs, integrates and distributes a whole range of electronic solutions to a clientele of 4,000 businesses and professionals.
“
We supply the display systems for charging stations: those for shopping in drives, gas stations, parking meters, in the battery packs of RATP buses, the drones that farmers use for their fields
,” lists Pascal Reynoud, the company's general manager.
We are not wholesalers.
Our approach is to provide a tailor-made solution designed with our clients.
It’s a hybrid model between distribution and codedesign
.”
The group of 200 employees, which has multiplied its income tenfold in the space of ten years, from 20 million to 200 million euros in turnover, has bought four companies in Europe in recent years.
It is now present in France, Belgium, the Netherlands, Italy and Spain.
This dynamic appealed to the Astorg fund: “
Steliau ticks all the boxes.
In the high value-added distribution market, this group will benefit from strong growth thanks to digitalization and electrification
,” indicates Benjamin Cordonnier, partner at Astorg.
With this investor in its capital, the ETI believes it can become the undisputed European leader in a sector estimated at several billion euros.
“
We are going to help Steliau with its external growth.
On an organic level, we will bring our know-how to strengthen and professionalize the sales force and the way of addressing the markets
,” concludes Benjamin Cordonnier.