SMP Energies: Eurazeo Acquires Majority Stake to Drive Geothermal Growth

Eurazeo, through its Eurazeo Planetary Boundaries Fund (EPBF), has acquired a majority stake in SMP Energies, a leading geothermal drilling contractor in France, as part of its strategic initiatives to promote decarbonized solutions. This investment, the second following the fund's first close in March 2025, aims at scaling environmental solutions that can contribute to reversing the overstepping of planetary boundaries. SMP Energies is recognized for its exceptional technical capability in the geothermal sector, having drilled over 60 wells and offering comprehensive services including well construction, maintenance, and abandonment. The geothermal energy sector in Europe is experiencing rapid growth, driven by favorable regulation and the inherent advantages of geothermal energy, such as its uninterrupted availability and economic competitiveness. Eurazeo plans to accelerate SMP Energies' growth through strategic organic investments and a robust buy-and-build strategy to establish a leading position in the European deep drilling market for geothermal and decarbonized solutions. This acquisition aligns with Eurazeo's commitment to addressing climate change and pollution by providing low-carbon energy and improved environmental practices.