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Stelliant, a French-based insurance services provider, has acquired AAD Phenix, a France-based company engaged in providing repair and other after-disaster services, from Arcole Industries SA, a France-based company engaged in recovery and rehabilitation of underperforming and insolvent companies, for an undisclosed consideration.
The transaction will enable Stelliant to enrich the service offered to private and professional customers via its subsidiary GEOP in the field of Repair in Nature. It will also enable Stelliant to expand its range of services being offered to the customers.
The combined will have a revenue of EUR 60m. AAD has 220 employees and 30 agencies. It operates throughout France, having the latest generation or innovative services, such as a 24/7 reactive industry cell.
Pioneer Investments
Indigo Group
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