Ocea Group

Headquartered in Paris, France, Ocea offers a wide range of water and heat submetering services under long-term, inflation-linked contracts. The company owns and operates more than four million submeters on behalf of over 7,000 public and private customers. Submetering, which is a service required by regulation, provides for fair and equitable cost allocation in collective buildings and serves as a fundamental building block for energy efficiency and the energy transition in the residential sector in France.

Market trends and drivers

Ocea plays a key role in the rollout of smart water and heat submetering devices in France, leading to tangible cost savings for its customers and a positive impact on the environment. The Company is expected to benefit from favorable growth trends in the French submetering market owing to regulation and strong consumer demand to allocate and reduce consumption. Penetration rates are expected to improve both across the water and heat segment, while creating significant adjacent business opportunities.

Investment potential

EQT Active Core Infrastructure will support Ocea’s growth in its core submetering business and across other adjacent solutions in the environmental, data management and smart housing segments. The value creation plan will be centered around the continued expansion of Ocea’s asset and client base, growth through capex-enabled sustainable energy solutions and significant investments in digital customer services.