What SERFIM does

SERFIM is a 100% independent French mid-sized industrial group (ETI) founded in 1875 and headquartered in Vénissieux, France, operating across seven business lines: energy solutions, bridges and civil engineering structures (Ouvrages d'Art), roads, environment, information and communication technologies (T.I.C.), real estate, and water. The group employs more than 3,000 people across France and Spain through 18+ wholly-owned subsidiaries — including SERFIM Énergie Solutions, SERFIM Recyclage, SERPOLLET, SERPOL, SERFIM T.I.C., NANTET Locabennes, GEOAMBIENT, ENèReGY, Revalgreen, and TERECOVAL — and generates revenue exceeding €400 million. Its core offerings span HTA/BT electrical network construction and maintenance, photovoltaic and hydroelectric renewable energy installation, waste collection and recycling across 13+ material streams, soil and groundwater remediation, drinking water and wastewater network renewal, road and bridge construction, and smart-territory ICT deployments including video protection networks and connected environmental sensors.

Revenue is generated through project-based public works contracts awarded by municipalities, intercommunalities, and public utilities (EDF, RTE, ENEDIS), as well as private industrial engagements in petrochemistry and energy, recycling and waste management service fees, and renewable energy infrastructure sales. Distribution is exclusively direct via subsidiary field sales teams, with no resellers, franchise, or intermediary channels. SERFIM pursues a B2B enterprise field-sales motion targeting both public-sector and private industrial clients through long-cycle tenders and negotiated service contracts.

The group is privately held under a 78/22 family/employee ownership split, holds ISO 45001, ISO 27001, MASE, and ECOVADIS Gold certifications across multiple subsidiaries, and operates a 150-year brand in French public works. Recent strategic activity has focused on bolt-on acquisitions (Revalgreen, CHANAVAT PAYSAGE, SANTRAC, SK-LINE), circular economy ecosystem partnerships (Terravenir), and geographic expansion into Île-de-France and Spain.

Name

SERFIM

Legal name

SERFIM

Website

https://serfim.com

Company type

Private

Founded year

1875

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SERFIM is a 100% independent French ETI founded in 1875, operating through 18+ subsidiaries across energy, environment, civil engineering, recycling, ICT, and water for public authorities and industrial clients across France and Spain, with €400M+ revenue.

Ownership category

akta.pro rank

Product category

Public Works & Infrastructure Services

NAICS

Waste Management and Remediation Services (562), Management of Companies and Enterprises (551)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Oil & Gas Field Machinery & Equipment (3533), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Refinery & Petrochemical O&M / Maintenance Outsourcing (EUAEAGAG)

akta.pro secondary industries

Municipal Contract Collection & Franchise Operations (BPALAAAH), Security, Safety & Fire/Life Safety Management (BPABAAAE)

Keywords

• Public works infrastructure
• Environmental remediation services
• Waste recycling management
• Electrical network construction
• Renewable energy systems

Headquarters

HQ city

Vénissieux

HQ country

France

HQ region

Europe

Offices27 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. Public Infrastructure Works Contracts: SERFIM generates revenue primarily through large public works contracts — including road construction, bridge/structure renovation, water network renewal, and civil engineering — awarded by municipalities, intercommunalities, and public authorities.
2. Private Industrial Services: Subsidiaries provide specialized services to private industrial clients — electrical infrastructure for petrochemical sites, electrical substations (postes sources), fiber optic networks, and environmental remediation — on a project basis.
3. Recycling and Waste Management Services: Waste collection, sorting, treatment, and recycling services for public and private clients, including hazardous waste management (SERLEAD), with 24h/24 on-call service. Revenue from material recovery fees and service contracts.
4. Renewable Energy Infrastructure: Design, construction, and operation of renewable energy assets (photovoltaic installations, hydroelectric) for clients, generating revenue from installations and ongoing energy production.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

SERFIM is a French independent industrial group operating through specialized subsidiaries across seven business lines: electrical infrastructure (HTA/BT underground and overhead networks, public lighting, fiber optics), renewable energy (photovoltaic canopies, hydroelectric), road construction, bridge and structural engineering, environmental remediation (soil and water decontamination), water network management, smart territory ICT (video protection, sensors, connected buildings), waste recycling (13+ streams), and real estate services. The group executes large public works contracts for municipalities, intercommunalities, and public authorities, plus specialized services for private industrial clients such as EDF, RTE, and petrochemical operators.

Product overview

SERFIM is an independent mid-sized company (ETI) operating as a multi-business group focused on sustainable infrastructure, environmental services, and territorial development. The group comprises distinct divisions and subsidiaries: SERFIM Énergie Solutions (electrical infrastructure), SERFIM T.I.C (smart city/ICT solutions), SERFIM Recyclage (waste management), SERFIM Dépollution/SERPOL (environmental remediation), SERFIM Énergies Renouvelables (renewable energy), SERFIM Water (water infrastructure), SERFIM Route, SERFIM Ouvrages d'Art, and SERFIM Immobilier. Key subsidiaries include NANTET Locabennes (sorting/recycling), SERPOLLET (energy networks), ENèreGY (solid recovered fuels), REVALGREEN (complete valorization), TERECOVAL (cold equipment recycling), and GEOAMBIENT (environmental engineering). The group employs approximately 3,000 people and generates over 400 million euros in revenue.

Differentiator

Problem solved

Functional benefit

Brands

• SERFIM ENR: Renewable energy subsidiary specializing in photovoltaic and hydroelectric solutions
• SERFIM T.I.C
• SERFIM Environnement
• SERPOL
• SERPOLLET
• Nantet
• GEOAMBIENT

Products and services

• Electrical Infrastructure Services Design, installation, and maintenance of HTA/BT underground and overhead electrical networks, electrical substations (postes sources), public lighting, fiber optic networks, ski lift power supplies, and intelligent electrical installations for ski pistes and leisure facilities. Serves municipalities, ENEDIS, RTE, ski resorts, and industrial clients.
• Bridge and Structure Construction Services Civil engineering works including railway tunnel renovation, bridge construction, structural works for public infrastructure and territorial development. Delivered through SERFIM Ouvrages d'Art subsidiary for public authorities and infrastructure clients.
• Road Construction Services Road infrastructure construction, pavement, civil engineering, and landscape development services. Delivered through SERFIM Route subsidiary for public sector clients and territorial development projects.
• Environmental Remediation Services Soil decontamination (physico-chemical, biological methods), groundwater and effluent treatment using membrane filtration, hazardous waste management, site rehabilitation, and refertilization of excavated earth. Includes 41,750 tonnes of soil depolluted and 596,255 m³ of water depolluted in 2024.
• Waste Recycling and Circular Economy Services Material recovery and recycling across 13+ streams (gypsum, wood, mineral wool, windows, bricks, bituminous membranes, hazardous waste, cardboard, vegetation, scrap metal, construction debris), secondary raw material production, solid recovered fuel (CSR) production through Enèregy, and 100% valorization through Revalgreen. Processed 827,710 tonnes in 2024.
• Smart Territory ICT Services Information and communication technology systems for connected territories including video protection networks (e.g., 360-camera expansion for City of Paris), environmental sensors (temperature, air quality, noise), smart metering for water/gas/electricity, flood prevention systems, waste collection optimization, urban supervision centers (CSU), and connected building solutions. Delivered through SERFIM T.I.C. subsidiary, ISO 27001 certified.
• Renewable Energy Services Design, construction, and operation of photovoltaic canopies (ombrières), hydroelectric facilities, and distributed renewable energy systems. Produced 7,894 MWh of renewable energy in 2024. Serves territories, industrial clients, and infrastructure operators through SERFIM Énergies Renouvelables (ENR).
• Water Infrastructure Services

Quantifiable outcome

• 827,710 tonnes of materials recovered in 2024
• +11 more outcomes

Named customers5 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

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• CHANAVAT PAYSAGEminorStrategic or Co-development Partner · 20 October 2025SERFIM Route acquired CHANAVAT PAYSAGE in October 2025 to strengthen landscape expertise within its road infrastructure division.
• SANTRACcoreStrategic or Co-development Partner · 4 March 2024SERPOLLET acquired SANTRAC as part of its expansion strategy in March 2024, strengthening capabilities in its core electrical networks and infrastructure markets.
• SK-LINEcoreStrategic or Co-development Partner · 4 March 2024SERPOLLET acquired SK-LINE in March 2024 alongside SANTRAC, expanding its infrastructure service capabilities.
• GTSE Consortium (Groupe de Terrassement Serpollet ETPM)coreStrategic or Co-development Partner · 1 January 2023SERPOLLET Agence HTB Grands Travaux participated as part of the GTSE consortium to execute the complex cable replacement project at EDF's Montézic hydroelectric station. The consortium enabled specialized civil engineering and electrical expertise to be combined for this large-scale project.
• Terravenir (and other Lyon-area actors)coreStrategic or Co-development Partner · 2 December 2022An unprecedented union of major Lyon-area actors around Recycled Vegetative Earth (Terre Végétale Recyclée). Announced December 2025. SERFIM is part of this alliance to develop circular economy solutions for vegetative earth in the Lyon region.
• TERECOVALcoreStrategic or Co-development PartnerTERECOVAL treats cold equipment (refrigerators) by dismantling and separating different materials for specific recycling channels. Part of the 13 recycling stream network developed by SERFIM Environnement.
• ECOFHAIR / HKVORminorStrategic or Co-development PartnerPartnership between ECOFHAIR and HKVOR creating a virtuous keratin recycling story. Announced November 2023. Serfim Recyclage involved in developing this recycling channel.
• Revalgreen (acquired by SERFIM Recyclage, December 2023)coreStrategic or Co-development PartnerRevalgreen joined SERFIM Recyclage in December 2023. It developed a 100% recovery process — both material and energy recovery — transforming waste into recovered solid fuels (CSR) and secondary raw materials.
• SNETI (Syndicat National des Entrepreneurs de Travaux Immergés)coreStrategic or Co-development PartnerSERFIM subsidiary SATIF's CEO Arnaud Laval served as SNETI president in 2022 and organized the 2nd Assises des Travaux Sous-Marins in Lyon (November 2023). SNETI advocates for tighter diver safety regulations and best practice compendiums with OPPBTP and CARSAT.
• OPPBTP (Organisme Professionnel de Prévention du Bâtiment et des Travaux Publics)coreStrategic or Co-development PartnerSERFIM collaborates with OPPBTP and CARSAT on safety best practices, notably in the context of SNETI's advocacy for tighter diving regulations. OPPBTP provides occupational safety guidance for the construction and public works sector.
• CARSAT (Caisse d'Assurance Retraite et de la Santé au Travail)coreStrategic or Co-development PartnerCARSAT works with SERFIM (via SNETI) on developing a compendium of best practices for diver safety, including recommendation sheets to be issued by CARSAT and proposals for regulatory changes for high-risk hyperbaric work.

Scale indicators21 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Bouygues Energies & Services: Division of Bouygues providing electrical infrastructure, smart city and energy services across France and internationally; overlaps with SERFIM Energie Solutions and SERFIM T.I.C. but operates at much greater scale.
• Colas: Bouygues subsidiary and global road construction and materials leader; the dominant French comparator to SERFIM Route, particularly on regional public infrastructure contracts.
• Suez (Veolia/Suez Recycling): Major French-headquartered water and waste management operator; directly comparable to SERFIM Recyclage, NANTET Locabennes, ENèreGY and SERPOL on construction-waste sorting, gypsum recycling, and site remediation at much larger scale.
• Vinci Energies: Global network of energy and information systems specialists within the Vinci group; competes with SERPOLLET on electrical infrastructure and with SERFIM T.I.C. on smart-territory deployments.

Direct peers

• Eiffage Energie Systèmes: Subsidiary of Eiffage focused on electrical, energy and network installations, mirroring SERPOLLET's HTA/BT overhead and underground networks, public lighting and petrochemical electrical work.
• Saur (Naléo): French water and wastewater networks specialist serving municipalities—an obvious comparator for SERFIM Water and Albertazzi on drinking water and sanitation network renewal.
• Ramery Groupe: Nord-France family-owned multi-trade group combining construction, networks, energy, environment and real estate—structurally the closest independent mid-market analogue to SERFIM in size and ownership model.
• Spie SA: French listed multi-technical services group with electrical networks, ICT and energy efficiency offerings serving public and industrial clients across France and Europe—directly comparable to SERFIM Energie Solutions, SERFIM T.I.C., and SERPOLLET.
• NGE: Independent French multi-business infrastructure group covering earthworks, networks, roads, rail, and environmental works with comparable revenue scale and a similarly diversified subsidiary model—France's closest structural analogue to SERFIM.

Emerging players

• Derichebourg Multiservices: French multi-services environmental group offering recycling, water treatment, site remediation and industrial services—a partial comparator to the SERFIM Environnement and SERFIM Dépollution subsidiaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/groupeserfim
• Facebookfacebook.com/serfim
• LinkedInlinkedin.com/company/serfim

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries28 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about SERFIM