Ellipse Projects

What Ellipse Projects does

Ellipse Projects is a French privately-held Société par Actions Simplifiée, founded in 2013 and headquartered in Boulogne-Billancourt, that designs, finances, builds and maintains turnkey high-value-added technological infrastructure for sovereign governments in emerging markets. The company operates exclusively business-to-government across three verticals: healthcare infrastructure (regional and university hospitals, primary care facilities, rehabilitation centers), digital infrastructure (Level 4 data centers, national TV broadcast networks, radio communication systems, satellite infrastructure), and connected smart buildings. Projects span pre-feasibility studies through financing structuring, design, construction, equipment supply and long-term maintenance, with an order book exceeding €1 billion and more than €1 billion historically invested in the health sector.

The technical backbone is a proprietary Building Information Modeling (BIM) methodology combining 3D, virtual reality, augmented reality and 5D capabilities, complemented by AI-enabled features in smart-building deployments for energy monitoring, breakdown prediction and operating-cost estimation. The Indonesia Level 4 data center, completed in 2021 and awarded Greenship Platinum certification in 2024, is the company's flagship reference for sustainable digital infrastructure. Project financing is a core differentiator: Ellipse Projects assembles concessional loans from the French Treasury, export credit from Bpifrance Assurance Export, UKEF, Credendo, and project loans from Société Générale, Standard Chartered, Deutsche Bank, Natixis, ING and Orabank, enabling government clients to fund large multi-year programs.

The go-to-market is direct engagement with heads of state, ministries and development banks through bilateral forums (Africa Forward Summit, UK-Indonesia Business Forum) and competitive tenders. The firm maintains wholly-owned subsidiaries in London, Brussels, Dakar, Abidjan, Ouagadougou, Lomé, Accra, Singapore and Jakarta, employing more than 200 staff across the network. Turnover has reportedly multiplied by 100 over 10 years, with current growth rates of 20-70%, and the company is led by Peter Davidson (Président Directeur Général) with Olivier Picard as President of the parent Ellipse Group, Aïcha Betatache as CFO, and a dedicated Global E&S Director. ESG credentials include ISO 14001 certification since 2015, compliance with Equator Principles, IFC Performance Standards and OECD Guidelines, and the MOCI 2022 export financing prize.

Name

Ellipse Projects

Legal name

Ellipse Projects, société par actions simplifiée

Website

https://ellipseprojects.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Ellipse Projects is a French turnkey infrastructure firm that designs, finances, builds and maintains healthcare facilities, data centers and smart buildings for sovereign governments across sub-Saharan Africa, Southeast Asia and Eastern Europe.

Ownership category

akta.pro rank

Product category

Turnkey Infrastructure Construction Services

NAICS

Architectural, Engineering, and Related Services (5413), Commercial and Institutional Building Construction (236220)

akta.pro primary industry

Infrastructure & Project Finance Advisory (BPAHADAO)

akta.pro secondary industry

Infrastructure & Project Finance Facilities (BPADACAG)

Keywords

• Turnkey infrastructure projects
• Healthcare construction services
• Data center construction
• Project financing structuring
• Smart building solutions

Headquarters

HQ city

Boulogne-billancourt

HQ country

France

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Project Delivery (Turnkey): Ellipse Projects generates revenue by designing, constructing, equipping, and commissioning large-scale infrastructure projects (hospitals, data centers, TV networks, smart buildings) for government clients. Projects span from pre-feasibility studies through to financing structuring, construction, and post-delivery maintenance. Revenue is realized through large, project-based contracts typically financed by concessional loans, export credits, or public-private partnerships.
2. Project Financing Structuring Services: Ellipse Projects assists governments in structuring financing for infrastructure projects through relationships with international banks and export credit agencies (French Treasury, UKEF, Bpifrance, Société Générale, Standard Chartered, etc.). Fees are earned through the structuring and arrangement of financing packages.
3. Equipment Supply and Maintenance: As part of turnkey delivery, Ellipse Projects supplies and installs specialized equipment (medical equipment, telecommunications systems, IT infrastructure) and provides ongoing maintenance services. These form integral components of project contracts.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Ellipse Projects is a French infrastructure firm that designs, finances, builds, equips, and commissions turnkey projects in three high-technology sectors: healthcare (regional, university, and primary-care hospitals), digital (Level 4 data centers, national TV broadcast networks, telecommunications systems), and connected buildings (AI-enabled smart buildings). Each engagement spans pre-feasibility studies, financing structuring with international banks and export credit agencies, construction using BIM methodology, equipment supply and commissioning, and post-delivery maintenance for government clients in emerging markets.

Product overview

Ellipse Projects is a European company specializing in high value-added technological infrastructure with three core offerings: Healthcare Infrastructure (hospitals, medical facilities), Digital Infrastructure (data centers, telecommunications, TV broadcast networks), and Smart Buildings (AI-powered intelligent buildings). The company delivers turnkey projects from design through construction to maintenance, utilizing BIM methodology and offering project financing services. Key projects include hospital construction programs across Africa (Senegal, Ghana, Togo, Nigeria, Burkina Faso, Ivory Coast), a Level 4 data center in Indonesia, TV broadcast network modernization, and healthcare reconstruction in Ukraine. The company operates across sub-Saharan Africa and Southeast Asia with subsidiaries in London, Brussels, Dakar, Abidjan, Ouagadougou, Lomé, Accra, Singapore, and Jakarta.

Differentiator

Problem solved

Functional benefit

Brands

• ellipse art projects (EAP): Endowment fund supporting contemporary artistic creation and intercultural exchanges in countries where Ellipse Projects operates, launched in 2020.
• ellipse prize

Products and services

• Healthcare Infrastructure Turnkey hospital construction and renovation services covering design, construction, equipping, commissioning, and maintenance of regional hospitals, university hospitals, and primary care facilities, tailored to local economic, financial, social, and environmental constraints and meeting international quality standards. Offered to ministries of health and public hospital systems in emerging markets.
• Digital Infrastructure Turnkey deployment of ultra-high-speed networks, Level 4 data centers, TV broadcast networks, telecommunications systems, satellite communications, and digital sovereignty infrastructure for governments and state-owned enterprises. Includes design, supply, installation, and maintenance of these systems.
• Smart Buildings / Connected Buildings AI-powered intelligent infrastructure designed as dynamic service hubs with state-of-the-art equipment for monitoring energy efficiency, predicting breakdowns, and estimating future operating costs. Buildings are designed to evolve and improve over time, and include smart court buildings, sports complexes, and connected public buildings for government clients.
• BIM Methodology Services Building Information Modeling (BIM) methodology services using configurable digital models with 3D, virtual reality, augmented reality, and 5D technologies. Enables visualization of every aspect of a project before construction begins, supports efficient collaboration between architects, purchasing teams, and partners, and integrates structured databases for specifications, sizing, materials, and maintenance programs.
• Project Financing Structuring Services Financial structuring support for infrastructure projects, including upstream pre-feasibility and feasibility studies, and the arrangement of structured export financing through relationships with leading international banks and specialized insurers (French Treasury, UKEF, Bpifrance, Société Générale, Standard Chartered, etc.). Earned through structuring and arranging financing packages for sovereign clients.

Quantifiable outcome

• Turnover multiplied by 100 over 10 years of activity
• +8 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Republic of ChadflagshipStrategic or Co-development Partner · 12 May 2026Ellipse Projects signed a memorandum of understanding with the Republic of Chad during the Africa Forward Summit in Nairobi (May 2026) for the development of hospital infrastructure and medical training projects to durably strengthen healthcare capacities in Chad.
• Ginger InternationalcoreStrategic or Co-development Partner · 1 January 2025Ellipse Projects is working in partnership with Ginger International on a medical rehabilitation project across two hospital sites in the Vinnytsia oblast in western Ukraine. Ginger International brings specialized expertise in medical rehabilitation including equipment, staff training, and technical support.
• TylliumcoreStrategic or Co-development PartnerEllipse Projects is in a joint venture with Tyllium for the design and construction of the regional hospital in Koforidua, Ghana (285 beds, €70 million).
• French Healthcare AssociationminorStrategic or Co-development PartnerEllipse Projects collaborated with the French Healthcare Association during the groundbreaking ceremony for the Nizhyn hospital project in Ukraine (February 2026), alongside Ukrainian authorities.
• INSUCOminorImplementation/ SI/ Consulting PartnerINSUCO served as environmental and social consultant for the Gaoua hospital project in Burkina Faso, conducting an environmental and social impact assessment in compliance with International Finance Corporation (IFC) standards. The assessment identified 28 people affected by the project, who were subsequently compensated.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Regional players

• China Civil Engineering Construction Corporation (CCECC): Chinese state-owned EPC that competes aggressively on African and Southeast Asian hospital, rail, and digital infrastructure tenders with concessional Chinese financing. Direct competitor for the same B2G emerging-market mandates Ellipse chases.
• Arab Contractors: Egyptian state-linked EPC major delivering turnkey hospitals, housing, and infrastructure across Africa and the Middle East. Direct competitor on African B2G hospital tenders, particularly in francophone and Sahel markets.

Direct peers

• Egis: French engineering and project structuring group with strong healthcare, transport, and energy infrastructure delivery in emerging markets. Closest direct peer given French DNA, project finance structuring expertise, and emerging-market government client base.
• Besix: Belgian-headquartered EPC active across Middle East, Africa, and Asia on hospitals, data centers, and smart building projects. Direct comparable on turnkey high-tech building delivery with embedded financing and sustainability credentials.
• NGE (Nouvelles Générations d'Entrepreneurs): Independent French infrastructure group executing turnkey public works (transport, utilities, buildings) for government clients in France and Africa. Comparable French EPC player pursuing similar emerging-market public infrastructure mandates.
• Artelia: French-headquartered engineering, project management, and consulting firm with strong hospital, energy, and digital infrastructure offerings in Africa, Middle East, and Asia. Comparable on integrated project delivery with embedded financing advisory.

Broad incumbents

• VINCI Construction: Global construction major with deep concessions and project finance capabilities, frequently executing large turnkey hospital, transport, and public infrastructure projects for governments. Highly comparable on turnkey B2G delivery and integrated financing structuring, but at vastly larger scale and across more verticals.
• Bouygues Construction: French-headquartered global contractor with significant emerging-market presence and project finance structuring expertise. Direct analog on French EPC pedigree and B2G turnkey execution across healthcare and digital infrastructure.
• Mott MacDonald: Global engineering consultancy with established healthcare and digital infrastructure practices in emerging markets. Comparable on advisory-led delivery and development-bank funded project pipelines.
• Tractebel (Engie Solutions): Belgian-French engineering consultancy with extensive emerging-market footprint in energy, water, hospital, and digital infrastructure. Comparable on technical advisory, project finance structuring, and African / Southeast Asian government engagement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ellipse-projects-sas

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ellipse Projects