Gide advises Axdis on its merger with Powr Group

Gide is advising Axdis and its family shareholders on the planned merger with Powr Group, which would result in a strategic merger between two major players in the energy transition and renovation fields.

This alliance will create a group offering a global comprehensive range of services to accelerate energy renovation in several markets (Residential – Commercial – Industry), optimize energy performance using cutting-edge technologies and reduce carbon footprints by helping individuals, businesses and local authorities make the transition to energy efficiency.

The merger between Axdis and Powr Group will create a new entity with combined sales excluding VAT of around 600 million euros.

The Gide team comprises Jean-François Louit, partner, Pierre-Guillaume Sagnol, counsel, Manon Stammbach, associate, on corporate/M&A aspects; Paul de France, partner, Charles Ghuysen and Manon Lorthiois, associates, on tax law aspects; Laura Castex, partner, Justine Demoulins and Apolline Thomann, associates, on competition law aspects; Eric Cartier-Millon, partner, Louis Fearn, counsel, and Jade Beriot, associate, on financing aspects; Pauline Manet, counsel, on employment law aspects.

EMZ, a minority partner in the Axdis group, was assisted by King & Spalding (Laurent Bensaid, partner, and Nicolas Richard, associate).

Powr Group and its shareholders were assisted by GCA – Cabinet d’Avocats and DELABY DORISON Avocats.