Chloride buys AEES

Energy services company Chloride has bought AEES, a French power company, for an undisclosed sum.


Energy services company Chloride has bought AEES, a French power company, for an undisclosed sum.

Energy services company Chloride has bought AEES, a French power company, for an undisclosed sum.

AEES focuses on the energy and infrastructure sector and employs 135 staff. The Lyon-based company generated revenue of €21.4 million (£19.1 million) in the year ending September 2008.

Tim Cobbold, CEO of Chloride, said: ‘AEES has a consistent record of growth in sales, profits and cash generation and is led by a strong management team, who will be staying with the business.’

In the six months to September, London-based Chloride reported sales of £152.7 million and pre-tax profits of £10.4 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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