Acquisition of AAD PHENIX
December 14, 2018, STELLIANT, a leading insurance services group, announced the acquisition of AAD PHENIX, a provider of after-claims solutions.
Created in 1997, AAD PHENIX has become, in 20 years, one of the leaders in decontamination, dewatering and leak detection after disasters in France. With 220 employees and 30 agencies, AAD PHENIX operates throughout France, using the latest generation equipment or innovative services, such as a 24/7 reactive industry unit.
This acquisition enables STELLIANT to enrich the service solutions offered to individual and professional customers through its subsidiary GEOP in the field of Repairs in Kind.
Its offer is also expanding thanks to new services such as archiving, dry-cleaning or asbestos treatment.
While keeping their specificities, the GEOP and AAD PHENIX teams will work together to create a group that will draw its strength from its complementarity in terms of offers, territorial coverage and skills. It will represent a turnover of 60M€. This is an additional step for STELLIANT, as part of its strategic plan. The Group’s five business lines are continuing to develop and are dedicated to offering new services to meet customer expectations.
A strategy that aims to be pragmatic in a sector that is undergoing major changes, faced with new risks and the challenge of innovation, but also with greater demands from insurers. The Group is determined to reinvent itself.
The new GEOP-AAD PHENIX package will enable us to extend the range of services we offer our customers in the field of in-kind repairs. It is a perfect illustration of the Group’s strategy and its ambition, driven by its VASCO business project, to become the benchmark player in the insurance services market”, comments Christophe ARREBOLLE, Chairman of the Group.
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