Boostheat: Offer to acquire an equity stake in Boostheat based on a new strategic plan led by management

Boostheat: Offer to acquire an equity stake in Boostheat based on a new strategic plan led by management

Vénissieux, October 27, 2022

BOOSTHEAT (FR0011814938/ALBOO), a French industrial vitality effectivity firm, has introduced that it has acquired a takeover provide from a monetary investor primarily based on the administration’s new strategic plan.

I’m a brand new strategic venture “Ahead”

Within the face of structural adjustments in European insurance policies that led to the disappearance of the corporate’s historic goal market[1], BOOSTHEAT has developed a brand new strategic plan. BOOSTHEAT now intends to focus its expertise brick enterprise as a way to higher exploit its premium asset, thermal stress, which is protected by seven main patents, and its vitality efficiency administration program.

This strategic focus will result in a structural change within the firm to focus its experience on evaluating these expertise bricks:

  • The primary line of enterprise will concentrate on its innovation: thermal compression. From exploratory analysis to experimental growth, this may assist establish modern technological ideas and qualify their industrial functions throughout companions with a view to offering new options. These alternatives could also be realized by co-development or result in expertise switch.
  • The second line of enterprise will concentrate on creating a software program service providing to enhance the effectivity of merchandise of their working atmosphere (enhancing system efficiency, optimizing upkeep operations, rising lifespan, and many others.). These companies may be offered to producers, part suppliers, resolution integrators, and upkeep firms.

The success of this new plan would require affirmation of commercial curiosity in these options by the top of 2023 earlier than initiating a advertising and marketing plan for 2024. The funding required to efficiently implement this roadmap is estimated at roughly €7 million by 2023, excluding the price of the corporate’s earlier reorganization.

I obtain a suggestion from a monetary investor

Following the opening of the corporate’s voluntary safeguard motion, introduced by BOOSTHEAT in a press launch on October 4, 2022, a brand new deadline for submission of bids has been set for October 25, 2022 at 12 midday.

On the finish of this deadline, BOOSTHEAT broadcasts that it has acquired a suggestion for the partial acquisition of the shares of the Firm by a monetary investor (hereinafter known as the “Investor”) in accordance with earlier phrases relating particularly to the reorganization of BOOSTHEAT’s monetary place.

Satisfied of the brand new enterprise enterprise, the investor will even undertake to make sure the financing wants of the strategic plan and research the varied prospects of capital contribution, by debt or blended financing.

Voluntary safety measure to remain in place

Topic to profitable completion of the Transaction, BOOSTHEAT might submit a safeguard plan to be accepted by the Business Court docket.

On this context, Postat broadcasts the continued suspension of the itemizing of its shares pending the lifting of the earlier major situations associated to the above-mentioned provide.

BOOSTHEAT will proceed to tell the market of all developments within the state of affairs.

* * *

All details about BOOSTHEAT is on the market at
https://www.boostheat-group.com/fr/

ABOUT BOOSTHEAT

Based in 2011, BOOSTHEAT operates within the vitality effectivity sector. The corporate’s mission is to speed up the vitality transition by integrating its expertise into energy-intensive functions. BOOSTHEAT has designed and developed a warmth compressor protected by 7 patent households that drastically enhance vitality consumption as a way to promote cheap and handy use of assets.

BOOSTHEAT has its head workplace, analysis middle and manufacturing unit in Vénissieux, close to Lyon (traditionally the HVAC* industrial zone). The corporate owns Entreprise Innovante (Bpifrance) and French Fab. BOOSTHEAT’s inventory is listed on Euronext Development Paris (ISIN: FR0011814938).

* Heating, air flow and air-con.

I Etisalat

ACTUS FINANCIAL AND COMMUNICATIONS – Anne Pauline Petoro

Investor Relations

telephone. +33 (0) 1 53 67 36 72/[email protected]

ACTUS Finance & Communications – Serena Boni

Relationships with the press

telephone. +33 (0) 4 72 18 04 92 / [email protected]


[1] See press launch 1Road September 2022



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