SNCE: CDG Invest Growth and Mediterrania Capital Partners Acquire Stake
Société Nouvelle des Conduites d’Eau (SNCE) is entering a new phase in its development. The Moroccan group, which specializes in hydraulic equipment and projects, has announced the signing of an acquisition agreement with CDG Invest Growth (CIG) and Mediterrania Capital Partners (MCP), who will join alongside other co-investors in its capital.
The founding family, Laraqui, will retain its status as a major shareholder and will continue to support the group’s management. This operation is aimed at strengthening SNCE’s capabilities and accelerating its development, particularly in a sector that has become strategic for Morocco: the security and preservation of water resources.
A Historical Player in the Water Value Chain
Founded in 1961, SNCE has established itself over more than six decades as one of the leading Moroccan players in hydraulic equipment and infrastructure.
The group operates across the entire value chain, from manufacturing and installing pipes to executing complex hydraulic works. Its activities notably include the supply of drinking water, sanitation, wastewater treatment, agricultural irrigation, desalination, and “water highway” projects.
SNCE is also involved in the direct management of agricultural areas as part of multi-year concessions.
Strengthening International Ambitions
The group has gradually initiated an internationalization strategy, with previous experiences in Libya and Saudi Arabia, as well as a growing presence in West Africa.
SNCE is particularly engaged in projects in Burkina Faso, Benin, Niger, and Cameroon, constituting a first growth leverage beyond the Moroccan market.
The entry of new institutional investors is expected to allow the group to accelerate this dynamic and enhance its industrial and operational capabilities.
CDG Invest Growth and MCP: Supporting a New Phase of Growth
Alongside the founding family, CDG Invest Growth and Mediterrania Capital Partners aim to support SNCE’s management in this new growth phase.
The two investors are expected to contribute to strengthening governance, developing operational capabilities, and consolidating SNCE’s position as a key player in hydraulic equipment and projects in Morocco and internationally.
For CDG Invest Growth, this operation is part of a commitment to support a company with expertise covering the entire water value chain and significant growth potential.
Meanwhile, Mediterrania Capital Partners intends to leverage its experience in African markets to bolster SNCE’s industrial capacity, expand its offerings, and facilitate its international expansion.
A Sector at the Heart of Strategic Priorities
This operation comes at a time when water management and security occupy a central place in Morocco’s economic and environmental priorities.
Through this partnership, SNCE aims to strengthen its positioning in strategic segments such as water supply and treatment, irrigation, desalination, and “water highways,” while accelerating its development in African markets.
However, the finalization of the operation remains subject to the lifting of customary conditions precedent, particularly obtaining approval from the Competition Council.
