Clôture le 30/11

TEC CONTROL

Bonds
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  • Renewable energies
  • Sustainable cities and communities
  • Responsible consumption and production
  • Sustainable cities and communities
  • Responsible consumption and production
  • Action against climate change
Impact category Sustainable living Degree of maturity Development
Amount collected : € 416 200.00

Pitch

Presentation

Founded in 2011, TEC CONTROL designs and markets low-energy solutions for the residential and commercial sectors. The company specializes in hot water and heating production systems, including heat pumps, hybrid water heaters and climate control systems. TEC CONTROL presents itself as a “facilitator” of thermal comfort and energy performance thanks to an offering that optimizes needs while reducing energy consumption. Since 2017, the company has developed a distribution subsidiary, Distritec, specializing in renewable energy products for homes, accounting for almost 90% of group sales. In particular, the subsidiary holds an exclusive partnership with the Hitachi group for the distribution of its products in the Grand Ouest region. In September 2023, France announced its goal of producing 1 million heat pumps by 2027, up from the current 600,000. The group, which posted sales of 23 million euros in 2023, now aims to become the sector leader and make a major contribution to national targets for reducing greenhouse gas emissions in the building sector. Against this backdrop, TECCONTROL has raised a total of €3.7 million, including €1.4 million in capital from STARQUEST, JMR PHI, SDB GESTION and GSI, and €2.3 million in debt from the public via LITA.co.

Invest in TEC CONTROL now and help shape the future of efficient, sustainable energy solutions for buildings!

TEC CONTROL offers heating and hot water solutions...
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Team

1 founder, 2 subsidiaries, 50 employees

After obtaining his BTS in Sales Force, Gilles Simonessa joined the family business in 1997, where he successively held the positions of Sales Manager and Managing Director. He achieved his first external growth in 2002, then took charge of the sale of the family group to UTC (Carrier) in 2006. In 2011, after four years of successful collaboration, he decided to create TEC CONTROL, to offer a solution for energy savings and thermal comfort. He and his team devise complete heating systems for single-family homes, businesses and the hospitality industry, integrating water storage tanks, control systems and various heating media. The company designs hybrid systems combining heat pumps with solar thermal and photovoltaic systems, to offer all the combinations needed to reduce energy consumption and carbon emissions. To build up his team, Gilles has surrounded himself with former employees of the family business, benefiting from their trust and expertise. Laura Houdusse, an experienced CFO with 10 years' experience, including 6 at TEC CONTROL, contributes her expertise in financial management. Ludovic Manceau, Technical Director, oversees technical aspects and ensures continuous product innovation. Thomas Simonessa, Marketing Director, has been responsible for HVAC-TEC CONTROL marketing since 2020. Today, the company employs around fifty people.

Gilles Simonessa
Founder & President
Laura Houdusse
Responsable administrative et financière
Ludovic Manceau
Directeur Technique
Thomas Simonessa
Directeur Marketing

Challenges

France needs to step up its decarbonization efforts now, particularly in the building sector. Indeed, the operation of buildings accounts for 47% of French energy consumption and generates 18% of national greenhouse gas (GHG) emissions. These emissions are mainly due to heating and thermal needs, which still rely on fossil fuels for more than 50% of their consumption. Heat pumps combined with low-carbon energy, as allowed by the French energy mix, are an effective way of reducing greenhouse gas emissions linked to the heating of residential and tertiary buildings. In fact, the French government has set ambitious targets for CAPs as part of its Multi-Year Energy Plan (Programmation pluriannuelle de l'énergie - PPE). By 2028, the French Ministry of Ecological Transition and Solidarity expects that heat pumps will help replace 10,000 coal-fired heating systems and over 1 million oil-fired boilers. However, while beneficial for the reduction of greenhouse gas emissions, the massification of PAC distribution poses several significant challenges. Firstly, although France is the leading market for domestic heat pumps in Europe, it is essential to increase local production to reduce dependence on imports and support the economy. What's more, the technical complexity of heat pumps and the diversity of equipment mean that industry professionals need to be properly trained. On the ground, decarbonization is progressing well in new housing thanks to the RE2020 (Règlementation Environnementale 2020, which came into force on January 1, 2022 for the building industry), but there is still much to be done to renovate existing housing, which accounts for the bulk of the effort required.

Solutions

In response to the growing use of heat pumps, TEC CONTROL offers complete, integrated solutions with one main objective in mind: energy savings. This global and committed approach enables the Group to be competitive in the housing, commercial and agricultural markets. All the products distributed by TEC CONTROL, whether of their own design or not, are complementary in this energy-saving objective (underfloor heating systems, hot water tanks, Air-to-Air, Air-to-Water, Geothermal heat pumps, etc.). Through its various subsidiaries, the group is able to control the entire value chain, from design to distribution: diagnostics adapted to the transition needs of each customer, training in the technicalities of the products distributed, and efficient after-sales service recognized by customers. TEC CONTROL, enables users to manage their energy consumption efficiently, without loss of load, thanks to their Twido range of products. The company offers heat pumps using R744 fluids via their Air Heat products, which are non-flammable and non-toxic, unlike competing products. What's more, the global warming potential (GWP) of R744 is between 600 and 2,100 times lower than that of fluids used by other market players. Last but not least, the Group has opted for a major distribution partnership with Hitachi, whose production is 100% European, designing recognized top-of-the-range products.

Economic model

TEC CONTROL designs and distributes indoor heating and water heating products, generating profit margins on the products sold to its various clients. The company notably offers an expanded range of products to provide a complete solution focused on energy savings (such as solar panels powering heat pumps). 90% of its revenue comes from distribution, thanks to an exclusive contract in the Grand Ouest region with the Hitachi brand, which helps avoid direct competition. TEC CONTROL's offer is not limited to design and distribution, as the SME also provides essential services such as customized studies to meet the specific needs of each client, technical training on products, and a responsive after-sales service renowned for its efficiency. To date, the company has over 2,400 clients in both the new construction and renovation sectors. Since 2017, TEC CONTROL has experienced significant growth, peaking in 2022 with a turnover of 25 million euros. However, the years 2023 and 2024 were marked by a market contraction due to declining purchasing power and rising energy prices. Despite this slowdown, the sector is expected to see renewed activity in the coming years, driven by European regulations aimed at reducing energy consumption in homes. This will open new opportunities for companies offering innovative solutions. It is also important to note that the French heat pump market is currently the largest in Europe and still needs to massively convert to these energy-efficient technologies.

Long term impact

TEC CONTROL's mission is to respond to both environmental and economic challenges, and focuses on three main impacts:

- facilitating the deployment of heat pumps: they help reduce greenhouse gas emissions linked to the heating of residential and tertiary buildings, by covering the needs of players (installers, design offices, developers, etc.) across the entire value chain from design to marketing;

- energy independence and lower energy costs: by using local, sustainable heating solutions that are less exposed to the volatility of energy prices, by combining heat pump solutions with PV installations (Twido offer);

- European reindustrialization: thanks to an exclusive contract with a brand that is 100% European, designing recognized top-of-the-range products.

50 Jobs created or secured
One year after the fundraising
10000 equipped apartments
One year after the fundraising

Transaction

Reasons to invest

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Q&a

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Fundraising goal
€ 1 000 000
Min. goal
€ 500 000
Max. goal
€ 2 300 000
Financial product
Bonds
Financial benefit
Annual interest rate of 10%, over 4 years
Tax benefit
Min
€ 300.00
Max
€ 300 000.00
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