EDF Luminus acquires a majority stake in Dauvister

EDF Luminus and Dauvister SA have concluded a cooperation agreement by which EDF Luminus acquires a majority stake in public limited company under Belgian law Dauvister.

Dauvister is a company that sells, develops, installs and maintains advanced technologies that reduce residential and business customers’ energy bills with regard to heating, plumbing, ventilation and air conditioning. Based in Francorchamps, the company was founded in 2007 by Stéphane Dauvister, achieved a turnover of € 8 million in 2014 and employs about 50 people. It won the Walloon Entrepreneurship Grand Prix in 2012 and the Trends Tendance magazine presented the company with the Gazelles award for the fastest growing business in the province of Liège in 2014. The partnership between EDF Luminus and Dauvister makes it possible to realise synergies, particularly from a commercial perspective.

Grégoire Dallemagne, CEO of EDF Luminus: “This partnership fits perfectly into our strategy: we wish to be more than just an energy supplier; our company aspires to become a fully-fledged provider of innovative energy services and to position itself as the leading energy partner in the Belgian market. This agreement will allow us to offer new innovative products and services to our customers in the very near future.”

Stéphane Dauvister and Yves Warnant, CEOs of Dauvister SA: “Thanks to this agreement, we will become part of a strong group that not only shares our vision, but also our strong ambition and strict quality criteria with regard to energy services and solutions. We have found a strong partner and an engine for growth in EDF Luminus so as to provide new innovative energy efficiency products and services.”

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We produce electricity and provide energy as well as energy services. We are the number one in onshore wind energy and hydropower in Belgium. We play a central role in securing energy supplies in Belgium thanks to several natural gas power plants that enable us to respond to the variable character of solar and wind energy. With an installed capacity of 2,090 MW in April 2019, Luminus represents about 10% of the total installed capacity in Belgium. We sell electricity, natural gas and energy services to approximately 2 million private and corporate clients, accounting for a commercial market share of about 20%. We invest in future energy challenges by offering innovative solutions to clients in the field of energy efficiency and by keeping focusing on sustainable energy development. We have almost 2,000 employees. The majority of these people are fully dedicated to the development of energy efficiency services and renewable energy. For the seventh year in a row, our company is among the 64 companies that have been elected Top Employer in Belgium. We have strong ties with local communities and boast the expertise of the EDF Group, one of the world leaders in the energy industry. More information is available on www.luminus.be

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