EFLA Consulting Engineers has acquired a majority stake in HECLA SAS after EFLA acquired Landsvirkjun’s holdings through its subsidiary Landsvirkjun Power and Jean Chauveau. EFLA now holds a 96.5% share of HECLA SAS, with two key executives holding 3.5%.
The acquisition of HECLA is a part of EFLA’s ongoing international growth in energy transmission infrastructure. The company is a leader in this field in Iceland and the Nordic countries, with companies in Norway (EFLA AS) and Sweden (EFLA AB) as well as EFLA’s subsidiaries in Poland (ISPOL) and Germany (IPU Berlin).
In addition, EFLA has, over the years, completed significant projects in energy transmission infrastructure worldwide. There will be great opportunities in this area in the coming decades due to necessary changes in the organisation of the world’s energy affairs. EFLA currently has around 90 experts working internationally in energy transmission.
New Management
Jean Chauveau has stepped down as CEO of HECLA SAS after a successful career of over 20 years, taking the company to its current strong position. In addition, Landsvirkjun will depart from its role in HECLA, but Landsvirkjun has been an essential pillar in the company’s development.
Christophe Baldet has been appointed the new COO of HECLA, and Guy Joubert as Technical Director; both have been with HECLA for over 15 years. « We look forward to accelerating the company’s strategy and growth. HECLA SAS and EFLA consist of highly talented and motivated teams and individuals. With our experience and our quality recognized by our customers, we are in a great position to take advantage of the upcoming changes in energy affairs, » says Christophe Baldet.
EFLA and HECLA would like to express gratitude to Landsvirkjun and the company’s representatives in HECLA over the years, as well as to Jean Chauveau for a successful journey and for building a solid foundation for future growth.
