Case details

Print
Merger control
Case reference
Ccent/2026/44 - Triplevolt*Flosel / Grupo Flosel
Acquired
Flosel – Instalações Elétricas e Hidráulicas Lda.
Description
A Portuguese company dedicated to the execution of electrical installations, including electricity transmission and distribution networks and telecommunications networks, plumbing, air conditioning and renewable energy systems, as well as the execution of mechanical and hydraulic installations, including the construction of water, sewage, gas and other fluid transport networks. Its services also include the construction of other civil engineering works, demolitions and site preparation, property rentals, as well as the purchase and sale of real estate.
Acquired
Flosel – Installations Electriques Et Hydrauliques
Description
A French company dedicated to the installation of electrical systems, telecommunications systems, security systems, and networks, including water, sewage, and gas connections.
Acquiring
Grupo Flosel, SGPS, Lda.
Description
Current controlling company of the Flosel Group, dedicated to the management of equity stakes.
Acquired
KW – Instalações Mecânicas, Lda.
Description
A Portuguese company dedicated to the installation, marketing, and representation of energy production systems and equipment, particularly in the use of renewable energies, the operation of an engineering office, energy production and distribution, as well as the execution of electrical, plumbing, and air conditioning installations, and other installations in buildings. KW also provides installation and maintenance services for fire safety equipment and systems in buildings.
Acquiring
Triplevolt II, S.A.
Description
A special purpose vehicle (SPV) owned by Crest III – a Closed-End Venture Capital Fund, whose objective is to invest in companies with high strategic value and growth potential.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The merger consists of the acquisition by Triplevolt II, S.A. ("Triplevolt II") and Grupo Flosel, SGPS, Ltda. ("Flosel SGPS") of joint control over Flosel – Instalações Elétricas e Hidráulicas, Ltda. ("Flosel PT"), KW – Instalações Mecânicas, Lda. ("KW"), and Flosel – Installations Electriques Et Hydrauliques ("Flosel FR"), companies that are currently part of the Flosel Group.

Timeline
Click here to see your activities