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ADEN SERVICES AND ALTEREA TEAM UP FOR NEW LEADERSHIP IN CHINA’S ENERGY SAVING MARKET

Seizing China’s energy-efficiency opportunity 

Shanghai/Paris, March 2014 – ADEN Services, one of China's leading facility management companies announced the formation of a Joint Venture with French engineering company ALTEREA to develop new energy saving solutions for the China market. The joint venture will combine the strength of ADEN Services’ extensive network in over 40 Chinese cities and portfolio of 1,000 clients with the unique expertise of ALTEREA, its 200 specialized engineers and its in-house energy performance technology. The new company is well positioned to answer to China‘s growing need to improve its energy efficiency policy. 

China, the world's biggest carbon emitting nation, has already pledged to spend 85 billion US dollars to help prevent global temperatures from rising more than 2°C, however, China is lagging behind in its ambitious energy saving targets and is seeking to leverage foreign know-how in order to achieve them. Finding more energy-efficient and sustainable solutions has become a priority for the Chinese authorities. 

Created in 2004, ALTEREA is a fast growing French energy-savings company whose team of experts specializes in improving the energy performance, architectural quality and exploitation of buildings. ALTEREA offer a comprehensive suite of energy-management services, including retrofit and deep renovation to help clients reduce their energy consumption, operating costs and eventually their greenhouse gases emissions. Up to 65% of energy savings can be achieved with ALTEREA’s solutions. 

"ALTEREA is a pure service player, our total independence from equipment manufacturers and energy providers is well understood and appreciated by our customers,” said Alban Lapierre Founder and CEO of ALTEREA. “We have all the technical expertise but when you look at the size of the China market, you realize the best solution is to team up with a solid partner from the service industry with a widespread network of clients. Meeting with ADEN Services was a great opportunity and the shared values between the two companies has helped to quickly close the deal”. 

With over 18,000 employees in 40 cities, ADEN Services is one of the market leaders in China’s quickly growing facility management sector. ADEN Services has developed a strong Technical Asset Management Division, which today employs over 1,000 engineers and technicians. The expertise of ALTEREA will broaden the group’s current offer and will answer to the growing demand from international and local clients for integrated service solutions. "We are delighted to team-up with an expert company like ALTEREA which has demonstrated its reactivity and professionalism. The first group of Chinese technicians is already starting their training program at ALTEREA Head Office in France and we are already at an advanced stage of discussion with important clients,” said Sebastien Puydebois, ADEN Services China CEO. 

Beyond its push in energy efficiency services in China, ADEN Services is also looking at other emerging markets where the group operates in South East Asia, Central Asia and Africa. "I believe energy efficiency needs will also grow in other emerging markets besides China, and we are eager to develop innovative solutions for the China market with ALTEREA that could be developed at a later stage in other emerging markets," said Joachim Poylo founder and CEO of ADEN Services.