Sonepar is pleased to announce that it has acquired a majority shareholding in COLD & CO SAS, a privately owned distributor of air conditioning, ventilation and energy efficiency solutions, known primarily under the trade name CD-Sud.
Sonepar is pleased to announce that it has acquired a majority shareholding in COLD & CO SAS, a privately owned distributor of air conditioning, ventilation and energy efficiency solutions.
COLD & CO is a leading player in the French Heating, Ventilation and Air Conditioning (HVAC) market segment and is known for its high level of technical expertise and its extensive distribution network under the CD Sud brand.
COLD & CO recorded a remarkable development of its activities in the last five years, reaching a turnover of €140 million in 2021 and employing 215 associates.
This acquisition will enable Sonepar to strengthen its presence in HVAC, a fast-growing market identified as one of the Group’s strategic priorities. Sonepar France is already active in this market through its subsidiary 3C CLIM, a well recognized HVAC specialist. By combining 3C CLIM and COLD & CO, Sonepar will leverage its industry experts and capabilities and will offer its customers a wide range of highly technical products and solutions across the entire territory.
“We are delighted to announce that COLD & CO is joining Sonepar Group. As a well recognized specialist, our combined forces will create a national network fully dedicated to HVAC solutions and bring residential and commercial technical solutions to our customers. We strongly believe that these technical capabilities, in addition to the deployment of a global omnichannel digital platform and the development of the first B2B electrical supplies distribution marketplace in France, will position Sonepar as the preferred partner for our customers in France” stated Jérôme Malassigné, President of Sonepar International Services & France.
“I am very proud and excited to see COLD & CO join the Sonepar Group. Both companies have a common ground of entrepreneurship spirit and willingness to become a national recognized specialist in the large and innovative HVAC segment. Sonepar’s capabilities in digital and logistics will enable COLD & CO to accelerate its development while keeping its historical DNA of a family business”, added Romain Tosolini, President of COLD & CO.
The acquisition has been approved by the relevant antitrust authorities.