In this project, a larger and more international management team increases its participation in the equity of Babcock Wanson, thanks to the support of the investment fund Kartesia. Kartesia knows Babcock Wanson well, having been a minority shareholder since the company became independent of the CNIM group in 2016.
«This is an important and exciting step in our history. Kartesia is a solid partner that is willing to support our growth project,» explains Cyril Fournier-Montgieux. «And above all, it is a human adventure that allows us to bring together a close-knit team representing all the Group’s subsidiaries. I am very proud to be able to take this new step and to launch this new project together. We have a great story ahead of us to pursue and accelerate in order to make Babcock-Wanson the European leader as a manufacturer of industrial boiler rooms and all related services to optimise their operation.”