SOLEM SAS

SOLEM SAS is a French company specializing in connected irrigation solutions that enhance both agricultural and residential watering systems through innovative technology. Founded in 1984 in Clapiers, France, SOLEM SAS offers advanced irrigation solutions. The company operates as an independent entity and has not mentioned any significant pivots in its business strategy. SOLEM has completed a total of 4 deals, with the most recent deal occurring on July 8, 2021.

This was a Secondary Buyout where Turenne Groupe was the previous investor. The company raised EUR 4. 300 mn during this round, which was fully accounted for in the total amount raised of EUR 4. 300 mn.

The founders' specific history is not provided, and there is no indication of previous ventures. SOLEM specializes in connected irrigation solutions designed to enhance agricultural and residential watering systems. Their core product offerings include a range of irrigation modules that allow users to connect up to 24 units, along with pre-assembled sensors for climate data collection. The products are designed for ease of use, enabling customers to program watering schedules through physical buttons or a mobile application.

SOLEM’s offerings cater to various customer segments, including residential users, municipal irrigation systems, and agricultural enterprises, with the goal of optimizing water usage and improving irrigation efficiency. The company targets markets across Europe and beyond, focusing on professionals in horticulture, landscaping, and municipal water management. In the most recent financial year of 2022, SOLEM reported a revenue of EUR 27,200,165. 40 and an EBITDA of EUR 5,913,993.

80. Revenue streams primarily arise from the sale of its irrigation modules, control systems, and accompanying sensor technologies, with the company engaging in direct sales to consumers and businesses. The investment made in July 2021 by Quilvest Private Equity, Bpifrance, and the company's management will help SOLEM support its growth both organically and through external growth. Plans are underway to design and launch new products, although specific details on upcoming releases have not been disclosed.

The company is expected to expand into new markets, focusing on specific regions across Europe, although precise locations and timelines have not been indicated.