Amethis, a pan-African private equity firm, has acquired a majority stake in ADEMAT, a power security solutions provider in Côte d’Ivoire, from SPE Capital, marking a pivotal moment in the company’s development.

“We are delighted to partner with Christophe and the ADEMAT team as we support the company’s transition toward low-carbon energy solutions and expand its footprint across West and Central Africa,” said Khady Koné-Dicoh, Senior Partner at Amethis.

Founded in 1983, ADEMAT operates across the full power security value chain, including generation, stabilization, transformation, procurement, installation, maintenance, consulting, training, and equipment rentals. Under SPE Capital’s ownership since April 2021, the company has significantly strengthened its position in the market.

During this period, ADEMAT launched its proprietary brand, diversified its offering to include gas-powered generators and solar panels, and modernized its operations through ERP upgrades and the digitalization of commercial processes. It also implemented a comprehensive ESG strategy, reinforcing its standing as a reference provider of power security solutions in Côte d’Ivoire.

With Amethis now as majority shareholder, the company is set to accelerate its growth strategy. The firm will partner with CEO Christophe Giovacchini and the management team to expand ADEMAT’s solar photovoltaic offering, strengthen its presence in the low- and medium-capacity generator segments, and further scale its proprietary brand.

Regional expansion will also be a priority, with plans for targeted acquisitions and strategic partnerships across West and Central Africa. Alongside this, Amethis will support an ambitious ESG roadmap aimed at advancing ADEMAT’s transition toward lower-carbon energy solutions and strengthening energy resilience across the region.

“Over the past five years, ADEMAT has successfully executed its growth strategy, grounded in product and client diversification,” said Giovacchini. “With Amethis, we are opening a new chapter focused on accelerating both organic and external growth across the region.”

SPE Capital Managing Partner Stéphane Heuzé noted that the firm’s partnership with ADEMAT had helped reposition the company and build a stronger, more resilient platform capable of capturing growth opportunities in West Africa.

The transaction was supported by a range of advisors. SPE Capital was advised by KPMG, Gide, and Adna, while Amethis was advised by DLA Piper, Oderis, EY, OnPoint Africa, and IBIS Consulting.

The deal highlights continued investor interest in Africa’s energy sector, particularly in scalable and sustainable power solutions that address growing demand across the region.