We have advised Parlym, a designer of energy infrastructure projects, on the acquisition of a majority stake in De Smet Engineers & Contractors (DSEC), an agro-industrial integrator, from the European industrial group Moret Industries.
DSEC designs and builds plants worldwide as an EPCM contractor and process integrator for the agri-food and bioindustries, with a focus on energy efficiency to address decarbonisation challenges. With subsidiaries in Belgium, France, and India, DSEC employs more than 350 people and generates nearly €70m in consolidated revenue.
Parlym designs and delivers turnkey energy infrastructures primarily for major industrial players in the oil & gas and nuclear sectors across Europe and Africa. From EPC to Technical Assistance, including equipment supply and manufacturing, Parlym’s offering enables intervention at each key stage of its clients’ projects. With nearly 1,500 employees, Parlym generated €252m in revenue in 2024.
Moret Industries is a European industrial group that designs and manufactures tailor-made equipment for strategic sectors such as agri-food, energy and defence. Committed to a more sustainable industry, the group supports its clients in modernising their processes and reducing their environmental footprint. With more than 800 employees, the group generates €165m in revenue, mostly from exports.
As part of this transaction, and jointly with Wallonie Entreprendre, the Moret Industries Group has sold a majority stake in DSEC to Parlym to establish a strategic partnership that will leverage the existing industrial synergies between them. This new structure will strengthen DSEC’s human and financial resources, supporting the development of its international business.
