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24/06/2024

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24/06/2024

Canada | Fondasol Group acquires majority stake in DEC Enviro

June 2024 - Fondasol Group announces the acquisition of a majority stake in the Canadian company DEC Enviro, specializing in environmental, geotechnical and materials engineering, hydrogeology, and building sciences, reinforcing its presence in North America.

With this acquisition, following the integration of the Canadian company Solroc in late 2020, Fondasol Group doubles its activity and workforce in North America (CAD 23 million revenue with 160 employees), with international revenue now exceeding 20%.

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International development and local synergies

The integration of DEC Enviro into the French Fondasol Group and the merging of the Canadian entities DEC Enviro and Solroc aim to:

  • Strengthen Fondasol Group's international development.
  • Provide North American clients with an enhanced, more competitive, and responsive engineering offering for large-scale projects across extensive geographies, leveraging resource pooling and synergy between DEC Enviro and Solroc.
  • Accelerate the deployment of decarbonization and innovation projects focusing on digitalization and AI on both sides of the Atlantic.
  • Promote talent emergence and well-being.

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