What CAHORS does

CAHORS (Groupe Cahors) is a privately held French industrial group founded in 1910 and headquartered in Cahors, France. The company designs, manufactures, and markets equipment for electricity distribution networks, telecommunications infrastructure, smart grids, and adjacent water, gas, and urban equipment applications. It operates 10 production sites globally with a workforce of approximately 1,750 employees and reinvests roughly 6% of revenues in R&D.

The product portfolio is organized across five segments: Electricity (MV/LV substations under the NAUVA and NAUVATIS brands, power substations, overhead and underground network equipment, low voltage metering, collective housing solutions), Smart Grids (data concentrator units for the Enedis Linky smart meter program, Icontrol remote terminal units, Sentinel fault passage indicators, IVision-SC Mini-SCADA, IControl-E distributed generation management, IPower DC backup systems), Telecom-TV (SMC satellite antennas, FTTH fiber solutions, VDI infrastructure including the EVOLINK residential range, terrestrial receivers), Water & Gas (GRP enclosures for water and gas metering including Modulo, Compozit, Priméo ranges, plus Lacaze Energies water storage), and Urban Equipment (FASTEO, ACCESS, and BOXEO EV charging terminals, CORAIL letterboxes, public lighting). Adjacent services include EMS electronic manufacturing for aeronautic/defence/nuclear, BIM Objects in REVIT format, training and consulting, cybersecurity for smart grids, maintenance and warranty through 4 mobile service centers, and end-of-life recycling.

CAHORS monetizes primarily through hardware sales on a quote-based, multi-year contract model to enterprise and government buyers, complemented by professional services (training, consulting, maintenance, retrofitting, recycling). Go-to-market combines direct enterprise field sales with regional factories and technical teams co-located near customers, channel partnerships with telecommunications providers, and global distribution across 40+ countries in Europe, Africa, Asia, the Americas, the Middle East, and Oceania. Key partnerships include a long-standing relationship with Enedis on the Linky smart meter (since 2010) and the 2019 merger with EPSYS in prefabricated concrete substations. Pricing is not publicly disclosed, and the company is privately held with no parent company or external investors disclosed.

Name

CAHORS

Legal name

Groupe Cahors

Website

https://groupe-cahors.com

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CAHORS is a French industrial group founded in 1910 that designs, manufactures, and sells MV/LV substations, smart grid equipment, FTTH/telecom hardware, water and gas enclosures, and EV charging terminals for utility, industrial, residential, and municipal customers across 40+ countries.

Ownership category

akta.pro rank

Product category

Electrical Distribution Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (33531), Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Power, Distribution & Specialty Transformers (3612), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD)

akta.pro secondary industries

DERMS Platforms & Utility Integration (ADMS/SCADA Integration, Hosting Capacity) (EUAFAHAF), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN)

Keywords

• Electrical distribution equipment
• Smart grid solutions
• MV/LV substations
• EV charging infrastructure
• Telecom network equipment

Headquarters

HQ city

Cahors

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hardware Sales - Electricity Distribution Equipment: CAHORS designs, manufactures and markets solutions and equipment dedicated to electricity distribution networks, from medium voltage substations to connecting low voltage electricity metering. Products include transformers, switchgears, metering equipment, enclosures, and connection solutions.
2. Professional Services: Services including facility diagnosis, maintenance plans, technical training, consulting, after-sales service, and end-of-life recycling for medium voltage electrical facilities.
3. EV Charging Infrastructure: Electric vehicle charging terminals and systems with full project support from design through installation and after-sales service.
4. Training and Certification Services: Product and application certification training including FTTH training, operation and maintenance of medium voltage terminals, and ELIUM software training.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CAHORS (Groupe Cahors) designs, manufactures and markets equipment and solutions dedicated to electricity distribution networks (medium and low voltage substations, transformers, switchgears, metering) and telecommunications networks (FTTH, satellite, VDI). The company also provides smart grid monitoring systems, smart metering data concentrators, EV charging terminals, water/gas meter enclosures, urban equipment, and supporting services including EMS electronics manufacturing, training, maintenance, and cybersecurity.

Product overview

CAHORS (Groupe Cahors) is a French industrial company specializing in energy management and distribution solutions with over 100 years of experience. The company offers a comprehensive portfolio organized into five main segments: Electricity (MV/LV substations including NAUVA and NAUVATIS ranges, power substations, overhead/underground network equipment, low voltage metering, and collective housing solutions), Smart Grids (data concentrator units for smart metering, Icontrol remote control units for grid automation, Sentinel FRTU monitoring, IVision-SC supervisory control systems, IControl-E distributed generation management, IPower DC backup systems), Telecom-TV (SMC satellite antennas including Big Bisat multi-satellite solutions, FTTH fiber solutions, VDI solutions for voice/data/image including EVOLINK residential range, terrestrial receivers, collective distribution equipment), Water & Gas (water and gas meter boxes/enclosures using GRP technology including Modulo, Compozit, and Priméo ranges, Lacaze Energies water storage solutions), and Urban Equipment (electric vehicle charging terminals including FASTEO, ACCESS, BOXEO DC/AC, CORAIL letterboxes, GRP polyester enclosures for industrial use). CAHORS also provides extensive services including EMS electronic manufacturing, BIM objects, QuickSat/Big Bisat software tools, training, medium voltage assistance, maintenance, cybersecurity, and recycling services. The company operates globally with 10 production sites, 1750 employees, and invests 6% of revenues in R&D.

Differentiator

Problem solved

Functional benefit

Brands

• Lacaze Energies: Specialist in domestic hot water production and ice water storage since 1974
• EPSYS
• FASTEO
• BOXEO
• ACCESS
• NAUVA
• NAUVATIS
• NAUVASOL
• Maxipol
• Combiester
• Compozit
• Priméo
• EVOLINK
• BIG BISAT
• Nauvapac
• Sentinel
• Ivision
• IControl
• Linky
• Borneo

Products and services

• MV/LV Transformer Substations (NAUVA, NAUVATIS)

Quantifiable outcome

• Reduced maintenance time for network managers through smart metering systems
• +2 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• EnediscoreStrategic or Co-development Partner · 1 January 2010Partnership with Enedis (French electricity distribution network operator) since 2010 to test the Linky smart meter. CAHORS developed the first wired concentrator and has been a major figure in the remote reading market for over 25 years.
• Think Smart GridsminorOthersCAHORS is a member of Think Smart Grids, a smart grid industry association, demonstrating commitment to smart grid development and industry collaboration.
• EPSYScoreStrategic or Co-development PartnerCAHORS Group merged with EPSYS on 21 October 2019. EPSYS was an independent leader in prefabricated concrete substations in the French market. This merger combined expertise in energy and telecommunications distribution networks with prefabricated concrete substation production.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Legrand: Global specialist in electrical and digital building infrastructure with VDI, cable management, and connection solutions. Competes with CAHORS in residential VDI, FTTH distribution, and enclosure/connection products, but at much larger scale.
• Nexans: French global cable and connectivity company with overlap to CAHORS in underground MV/LV network equipment, cable accessories, and connection systems. Larger scale and broader cable portfolio make it a reference peer in network equipment.
• ABB: Swiss-Swedish multinational with leading positions in transformers, substations, distribution automation, and smart-grid solutions. Overlaps with CAHORS on transformer substations, MV switchgear, and SCADA, with far larger R&D and global service footprint.
• Eaton: US-based power management company with strong presence in MV/LV switchgear, transformers, and power distribution components. Competes with CAHORS in industrial and utility substation markets, particularly in Europe and emerging markets.
• Schneider Electric: Global leader in energy management and automation with deep presence in MV/LV distribution, smart grids, and industrial electrical equipment. Directly overlaps with CAHORS across substations, switchgear, and grid management software, but at much larger scale and broader geographic reach.
• Siemens Energy: Major power transmission and grid technology player with grid-stabilization, substation, and digital-grid offerings that compete directly with CAHORS' MV/LV substations and smart-grid portfolio. Larger balance sheet and global installed base make it a key reference competitor.

Direct peers

• Trench Group (Siemens Energy): Specialist manufacturer of power and instrument transformers, coils, and substation components. Overlaps directly with CAHORS' distribution transformer and power substation product lines (NAUVA, frequency injection transformers, neutral point coils).
• Ormazabal (Velatia): Spanish specialist in MV switchgear, transformer substations, and smart-grid solutions for utilities. Closest direct competitor to CAHORS in size, focus, and European-utility customer base, with comparable focus on prefab substations and grid automation.
• Efacec: Portuguese power solutions provider in transformers, substations, and EV charging — closely overlapping with CAHORS' portfolio across MV/LV equipment and electromobility, with similar size and geographic concentration in Europe.

Regional players

• Sagemcom: French specialist in energy and telecom solutions, including smart metering and broadband infrastructure. Overlaps with CAHORS' smart metering (DCU, Linky ecosystem) and telecom/VDI segments, sharing the French DSO customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CAHORSgroup
• LinkedInlinkedin.com/company/1906003

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 CAHORS