• Deal marks SPE Capital exit after investment since 2021

• New strategy targets solar expansion and regional growth

Amethis has acquired a majority stake in Ademat, an Abidjan-based provider of energy infrastructure solutions. Financial terms were not disclosed.

The deal, announced on Friday, March 27, marks SPE Capital’s exit after holding a stake in Ademat since April 2021. It signals a new stage in the company’s growth.

SPE Capital said it helped strengthen Ademat’s market position between 2021 and 2026. Over that period, the company developed its brand, broadened its product range and introduced digital tools to support its sales operations.

Founded in 1983, Ademat operates across power generation, stabilization and transformation, as well as the supply, installation and maintenance of equipment. It also offers technical support, consulting, training and equipment leasing services.

“We are proud of the journey undertaken alongside ADEMAT over the past five years. Together, we repositioned the company, launched new business lines, and built a stronger, more resilient platform, well-positioned to capture growth opportunities in West Africa,” said Stéphane Heuzé, managing partner at SPE Capital.

With Amethis now the majority shareholder, Ademat is entering a new phase under the leadership of Christophe Giovacchini. The strategy will focus on expanding its solar offering, strengthening its brand, increasing its presence in the generator market and expanding across West and Central Africa. The company also plans to advance its environmental strategy in response to changes in the regional energy landscape.

Chamberline Moko