Although the business lines of our various subsidiaries are quite similar, our organisation by market ensures a good spread of risks. Most of the markets in which we operate are linked to primary needs. For example: protection from cold and heat (heating and cooling), washing (domestic hot water, sanitation), hydration (drinking water supply), food (food industry), healthcare (pharmaceutical industry). What’s more, most of our products are sold for maintenance and renovation.
These characteristics give us a natural resilience in times of crisis and protect us from cyclical risks. Over the next six years, energy renovation programmes should boost our construction business in France. In the longer term, our group has a great card to play in Europe in the industrial valves market, which is still fairly fragmented. In 2022, the acquisition of DPI gave us the opportunity to become a supplier to the major players in the French public works sector. Entering this new market means that we can spread our risks even further.
Fluid circuits in buildings = 41.1% of our turnover
80% of sales
in maintenance and renovation
37,4 millions
housing units in France (01/2025)
of which 5.4 million thermally inefficient
3,6 milliards
distributed in 2025 and 341,000
energy renovations in 2024
EEC allocated to the building
sector: approximately
4 billion in 2025
We offer all the accessories and equipment needed to ensure the proper circulation of water in heating and sanitary installations for the individual housing, collective housing and tertiary sector markets. We also offer complete ranges for controlling indoor air quality and temperature. Our subsidiaries target wholesalers, DIY superstores, online retailers and certain manufacturers.
Regulatory changes (RE2020) aim to save water and energy and reduce carbon emissions from buildings, while ensuring the comfort and safety of residents and users. They stimulate innovation and lead us to offer solutions with higher added value. MaPrimeRénov’, funded by the public authorities, and Energy Saving Certificates, funded by energy suppliers and distributors, constitute a theoretical funding envelope that we estimate at around €7.5 billion for 2025, to €7 billion in 2023. Taking all sectors, energy use is the leading source of greenhouse gas emissions in France: accounting for at least 258 Mt CO2 in 2024, or around 70% of the national total. Residential and tertiary buildings emit 55 Mt (15%), which means that energy renovation will remain a national priority for many years to come (source: https://www.statistiques.developpement-durable.gouv.fr).
The bulk of our business is based on maintenance and renovation; these are resilient ‘needs’ markets in which we are very well positioned and highly responsive.
Fluid circuits in industry = 29.0% of our turnover
H2O
GAS
STEAM
…
General industry
Energy and waste
Chemical and petrochemical industry
Food industry
Pharmaceutical industry
Most industrial sites carry fluids in liquid or gaseous form. Six of our subsidiaries distribute manual and motorised valves, dampers,
filters, fittings and regulation and control accessories tailored to maintenance operations and new-build projects.
We are present with virtually all distributors of industrial valves and industrial supplies, engineering companies, machine builders and some major chemical accounts. We are constantly expanding our product ranges. We are also working with factories to promote our ranges and establish our brands.
Sodeco Valves, based in Belgium, focuses on large industrial sites. This market is likely to be dynamic in the medium term due to Europe’s desire to regain its independence in strategic sectors and the necessary investments to be made for the ecological transition of industry.
Domestic pumps (watering, swimming pool, lifting, rainwater harvesting) = 16.6% of our turnover
19 million
private gardens, 20 to 25% of which
are equipped with a watering pump
1.7 million
underground tanks in France
Domestic wastewater lifting: 5 million households with non-collective sanitation homes, including 2 million
that need to be brought into compliance, 30% of which with a pump
We are involved in water collection, transport, use and disposal. Changing climatic conditions (successive episodes of flooding and
drought) confirm the need to preserve, manage and make the most of water. Our customers are professionals in the fields of domestic
heating, public works, swimming pools and pumping.
In this context, we are also committed to reducing our environmental impact by offering innovative, water- and energy-efficient solutions.
Finally, we strive to preserve our raw material resources by favouring the use of new technologies, recycled materials and reconditioned products, while guaranteeing a high level of technical quality
Pipe for public works = 5.6% of our turnover
175,000 tonnes (estimate)
of plastic pipes for wet and dry networks sold on the French public works and irrigation market
In France, the drinking water network covers around 850,000 kilometres (https://ofb.gouv.fr), while the wastewater network covers around 425,000 km (https://www.services.eaufrance.fr). Currently, the annual renewal rate for these networks is around 0.67% (https:// www.services.eaufrance.fr) for drinking water and 0.6% for wastewater (https://www.monreseaudeau.fr). At this rate, it would take around 150 and 170 years respectively to renew all of this infrastructure. These figures indicate a significant need for renovation to maintain and improve the performance of drinking water and wastewater networks in France. Our plastic pipes (conduits, pipes and tubes, ducts, drains, fittings, etc.) are used for drinking water, waste water, irrigation, watering, drainage, dredging, gas and biogas, as well as telecommunications, electricity and fibre optic networks
Our customers are specialist wholesalers and major players in the building, public works, network design and construction and irrigation markets.
Heavy tooling equipment for private individuals, professionals and industry = 7.7% of our turnover
€86m
The DIY superstore market for compressors, generators and welding sets
€122m
The high pressure cleaner market in DIY superstores
€140m or 100,000 compressors
The market for air compressors in the professional channel
We sell air compressors, generators, welding sets, chargers and high-pressure cleaners to mass retailers and via the web to skilled
DIY enthusiasts.
To differentiate the offer made to the various DIY players, we use our brands (Mecafer), those of our customers, and also brands
operated under licence by our suppliers (Michelin, Stanley, Facom).
Under the Nuair and Fini brands, as well as piston compressors and screw compressors, we also sell to automotive and industrial supply professionals. We also sell air tanks and a wide range of accessories.
Our subsidiaries
