TSG Group

What TSG Group does

TSG Group is a privately held European technical-services provider for mobility-energy infrastructure, headquartered in Le Plessis-Robinson (France) and owned by its management team alongside HLD since a 2020 leveraged buyout. The company designs, builds, installs, and maintains energy-distribution equipment across seven product lines — Solar, Charge (EV charging up to 400 kW), Power (battery storage from 50 kWh to 3 MWh), Gas (hydrogen, CNG, LNG, LPG), Fuel (traditional forecourt equipment), Systems (POS, payments, fleet monitoring), and Technics (HVAC, refrigeration, building services). Underlying this portfolio are two proprietary digital platforms, TSG Protect (energy management with dynamic load balancing and predictive maintenance) and ChargePay (PCI-DSS/AFIR-compliant EV payments).

TSG earns revenue across five interlocking streams: equipment sales (chargers, dispensers, panels, BESS), turnkey project services (design, EPC, installation), recurring maintenance and managed services on 44,000+ stations, digital/payment systems with transaction economics, and 'Full Package' solutions that bundle technical scope with BNP Paribas Leasing Solutions financing. Distribution is direct enterprise field sales via 7,000+ employees (4,500+ technicians) operating in 30 countries across Europe and Africa, supplemented by charge-point-operator channels (Electra, bp pulse, RAW Charging) and partnerships with equipment OEMs (Kempower, McPhy, Resato, Pixii). Pricing is quote-based on multi-year contracts; the customer base spans TotalEnergies, Shell-aligned networks, Stellantis, Toyota, RATP, Stagecoach, bp pulse, Electra, Greene King, and Trieste Airport.

The business has executed an aggressive bolt-on M&A strategy since the 2020 LBO, completing 40+ acquisitions across 17 countries including the September 2025 takeover of Gilbarco Veeder-Root's service operations in 8 European markets and the November 2024 acquisition of Italy's SKY-NRG (~€60M revenue). Revenue doubled in five years to €1.4B by April 2025, with new-energy services crossing 30% of mix and the EV segment reaching ~€280M. Bolstering its positioning for sustainability-mandated tenders, TSG holds EcoVadis Platinum (top 1% of industry) and SBTi-validated 1.5°C-aligned near-term emissions targets.

Name

TSG Group

Legal name

TSG Solutions Holding SAS

Website

https://tsg-solutions.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TSG Group is a privately held French-headquartered technical-services provider that designs, installs, and maintains energy-distribution infrastructure — including EV charging, solar, battery storage, hydrogen, and fuel systems — for enterprise, transport, and public-sector customers across 30 European and African countries.

Ownership category

akta.pro rank

Product category

Technical Services for Responsible Mobility / Energy Infrastructure Services

NAICS

Solar Electric Power Generation (221114)

akta.pro primary industry

Transmission Maintenance, Inspection & Condition Monitoring (Live-Line, Drones, Sensors) (EUADAAAM)

Keywords

• Energy infrastructure services
• EV charging networks
• Photovoltaic installation
• Hydrogen station construction
• Forecourt equipment maintenance

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Equipment Sales: TSG supplies equipment for energy distribution infrastructure including EV chargers, fuel dispensers, solar panels, battery storage systems, transformers, HVAC systems, and point-of-sale terminals.
2. Project Services: Design, installation, and construction of turnkey energy infrastructure projects for EV charging, solar installations, hydrogen stations, and multi-energy mobility hubs. Projects range from single site installations to large-scale depot electrification.
3. Maintenance Services: Scheduled maintenance plans for all forecourt and store equipment, complete facilities management technical service, 24/7 maintenance support across Europe. Includes remote monitoring and real-time oversight of hydrogen stations and EV charging networks.
4. Digital Systems & Payment Solutions: Advanced integrated solutions connecting and consolidating all equipment on site and across networks, including electronic point-of-sale, self-checkout, pay-at-the-pump, mobile payment solutions, media and surveillance cameras, fleet and depot monitoring, and centralized management solutions for energy distribution.
5. Integrated 'Full Package' Solutions: Turnkey solutions combining technical installation (EV chargers, solar canopies, battery storage) with financing through BNP Paribas Leasing Solutions partnership, covering both technical and financial aspects for corporate fleet electrification projects.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

TSG Group designs, builds, installs, and maintains energy distribution infrastructure for mobility across 30 countries in Europe and Africa. The company delivers multi-energy solutions across Solar (photovoltaic), Charge (EV charging), Power (battery storage), Gas (hydrogen, CNG, LNG, LPG), Fuel (traditional forecourt), Systems (payment and management), and Technics (infrastructure services), supported by proprietary digital platforms TSG Protect and ChargePay.

Product overview

TSG Group is a European leader in technical services for responsible mobility solutions, operating as a multi-energy service provider organized across 7 specialized business segments (Solar, Charge, Power, Gas, Fuel, Systems, Technics) grouped into 4 main categories: New Energy, Traditional Energy, Systems & Payments, and Infrastructure Services. The company offers a one-stop shop of innovative energy and retail solutions covering the full lifecycle (design, build, install, maintain) for energy distribution infrastructure. TSG delivers integrated solutions combining multiple energy types — for example, solar panels paired with battery storage and EV charging managed through the proprietary TSG Protect digital platform, with payment processing handled via the ChargePay platform. The portfolio ranges from physical infrastructure (EV chargers, hydrogen stations, solar installations, fuel equipment) to digital platforms (energy management, payment solutions) and technical services (HVAC, refrigeration, maintenance). TSG operates across 30 countries in Europe and Africa, maintaining over 44,000 stations and installing over 55,000 EV charging points.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar End-to-end turnkey solar EPC projects for commercial, industrial and mobility infrastructure clients including planning, design, project management, panel supply, installation, testing, commissioning and maintenance. Often combined with battery storage and EV charging to build integrated energy ecosystems.
• Charge (EV Charging) Design, installation and maintenance of EV charging stations spanning low-power destination charging to high-power fast and hyper-fast charging (up to 400kW) for light vehicles, vans, trucks and buses. Includes 55,000+ EV charging points installed and maintained across Europe.
• Power (Battery Storage) Battery energy storage system (BESS) solutions integrated with solar and EV charging infrastructure, ranging from small-scale (50kWh) to large-scale (3MWh) installations, often combined with MV/LV substations to enable grid independence and dynamic load balancing.
• Gas (Hydrogen, CNG, LNG, LPG) Design, build, installation and maintenance of hydrogen refueling stations (200 kg to 2+ tonnes per day) and CNG, LNG and LPG distribution infrastructure for light vehicles, buses, trucks and biogas applications.
• Fuel (Traditional Energy Equipment) Sale, installation and maintenance of equipment for traditional fuel and biofuel distribution networks including fuel dispensers, tank gauges and associated forecourt infrastructure, supporting service stations transitioning toward multi-energy mobility hubs.
• Systems (Management & Payment Solutions) Advanced integrated solutions connecting and consolidating equipment on site and across networks, including electronic point-of-sale (EPOS), self-checkout, pay-at-the-pump, mobile payment solutions, media and surveillance cameras, fleet and depot monitoring, and centralized stock and fuel distribution management.
• Technics (Infrastructure Services) Comprehensive facilities management and technical services including scheduled maintenance plans for forecourt and store equipment, HVAC installation and maintenance, refrigeration, video surveillance, signage and building management services supporting the multi-service evolution of mobility hubs.
• ChargePay Proprietary EV charging payment platform integrated with various payment systems, enabling remote management, real-time transaction tracking and customizable settings. Meets PCI DSS and AFIR compliance for transparent electronic payment at charging stations via card readers, contactless devices and QR codes.

Quantifiable outcome

• TSG doubled its revenue size in 5 years, reaching €1.4 billion in FY2025.
• +8 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Gilbarco Veeder-RootcoreStrategic or Co-development Partner · 29 September 2025TSG acquired Gilbarco Veeder-Root's service operations across 8 European countries (UK, Denmark, Finland, Norway, Sweden, Estonia, Latvia, Lithuania). Over 380 professionals transitioned to TSG. Gilbarco Veeder-Root will focus on product innovation and technology leadership while TSG provides maintenance services, strengthening both companies' ability to serve customers across Europe.
• ElectracoreStrategic or Co-development Partner · 7 July 2025TSG and Electra are strengthening their partnership to advance EV charging infrastructure deployment across Europe. Since 2022, they have installed over 100 stations and 300 EV chargers. Electra aims to install 2,000 new charging stations across Europe by 2030, with TSG helping achieve this by deploying 70 new hubs in 2025 primarily in France, Belgium, Italy, and Spain. The partnership combines TSG's technical execution with Electra's visionary approach to EV infrastructure.
• SolarPower EuropeminorGTM or Marketing Partner · 3 September 2024TSG became a member of SolarPower Europe, the premier trade association for the European solar PV sector based in Brussels. Membership provides networking opportunities with solar industry stakeholders including technical partners, manufacturers, and supply chain companies, supporting TSG's participation in the solar community.
• PixiicoreTechnology or IntegrationTSG partnered with Pixii, the European specialist in energy storage solutions, to integrate battery energy storage systems (BESS) into EV charging hubs. TSG deployed Pixii BESS units (e.g., three 50kWh Pixii BESS units combined with a 150kW fast charger for a retail client in the Netherlands) for dynamic load balancing and energy optimization.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SPIE SA: French-listed multi-technical services group providing design, installation, and maintenance of energy and communication infrastructure across Europe. Closest pure-play comparable in pan-European technical services with overlapping energy-transition and EV-charging capabilities.
• Equans: Bouygues spin-off and ENGIE acquisition target focused on multi-technical energy services including EV charging, solar, and energy distribution. Direct comparable on service-led European energy infrastructure delivery model.
• Caverion: Nordic-listed technical building solutions provider covering EV charging, solar, and energy infrastructure across Northern/Central Europe. Comparable pan-European services footprint with strong Nordic presence — direct overlap post-TSG's Gilbarco Veeder-Root acquisition.
• Allego: European EV charging network operator and installer serving OEMs, fleets, and public infrastructure. Comparable focus on European multi-country EV charging rollout, though operator rather than service contractor model.

Broad incumbents

• Vinci Energies: Vinci subsidiary providing electrical engineering, ICT, and energy infrastructure services across Europe. Larger, broader portfolio with overlapping solar, EV charging, and grid services, but not specialized in forecourt/mobility infrastructure.
• ENGIE Solutions (Ineo / Endel): ENGIE's B2B services arm covering electrical networks, HVAC, and energy infrastructure projects. Significant overlap on EV depot electrification and multi-energy hub delivery, though embedded within a larger utility.
• Bouygues Energies & Services: Bouygues Construction subsidiary delivering energy, digital, and industrial infrastructure across Europe with active EV charging and solar capabilities. Larger parent-backed peer with broader portfolio than TSG's mobility-focused offering.
• Dalkia (EDF subsidiary): EDF's energy services arm providing district heating, HVAC, and energy efficiency solutions across Europe. Overlap on integrated energy hub design and multi-energy infrastructure, but more focused on thermal than mobility.

Emerging players

• Kempower: Nordic-listed DC fast-charging hardware manufacturer. While TSG installs Kempower units as an integration partner, Kempower represents both a supplier and adjacent competitor in the EV charging value chain.
• Alfen: Dutch-listed provider of EV charging stations, energy storage, and smart grid solutions. Overlaps with TSG on integrated energy storage + EV charging deployments but as a hardware OEM rather than full EPC contractor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tsg_services
• Facebookfacebook.com/tsgslovakia

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSG Group