Ardian has signed an exclusive agreement to acquire a majority stake in MasterGrid, a French specialist in high-voltage electrical infrastructure, in a deal aimed at accelerating the company’s international growth and innovation.

The transaction will see MasterGrid’s founders and employees reinvest alongside Ardian, reinforcing their commitment to the company’s next phase of development. The deal remains subject to regulatory and employee representative approvals.

Originally carved out of Siemens and backed by Andera Partners since 2019, MasterGrid has expanded into 11 countries and completed seven acquisitions under its previous ownership. The business is now poised to benefit from long-term structural trends, including the shift to sustainable energy, ageing power infrastructure, and rising global electricity demand.

Ardian’s investment will support MasterGrid’s diversification into new equipment and further its expansion, particularly across Europe and the Middle East.

“Through our maintenance and retrofitting activities, we contribute to the growing need for the modernisation and expansion of electrical infrastructure, as well as the transition to a decarbonised energy mix,” said CEO and Founder Ludovic Vallon. “The support of Ardian’s Expansion Team will enable us to accelerate our growth, broaden our geographic footprint, and strengthen our leadership in delivering innovative and sustainable solutions to our clients.”

Source: Renewables Now

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