- Business
- Transition Evergreen SA is a publicly traded investment company dedicated to financing the ecological transition, decarbonization, and sustainable development of small and medium-sized enterprises and mid-market companies. Managed by Aqua Asset Management, the company operates as an evergreen fund providing long-term equity, quasi-equity, and operational support to non-listed enterprises across Europe, with primary operations in France, Germany, and Belgium. The company structures its investment and operating activities across four core sectors: renewable energy and biomethane production, including the design, financing, construction, and operation of agricultural and industrial anaerobic digestion facilities, waste-to-energy conversion systems, and biomethane grid injection infrastructure through its platform Evergaz; sustainable mobility, comprising the manufacturing of zero-emission hydrogen-powered transit buses under the Businova and Hycity brand names, commercial vehicle hydrogen powertrain integration, diesel-to-hydrogen fleet retrofitting services, and turnkey fleet maintenance solutions through Safra; sustainable forestry and biomass energy, encompassing forestland asset management, carbon sequestration auditing, carbon credit generation, and the harvesting, processing, and distribution of certified wood pellets, timber, and biomass fuels through the Everwood platform and Groupe Forestière Nord Atlantique; and decentralized energy and territorial efficiency solutions, encompassing industrial energy performance auditing, rooftop and ground-mounted solar photovoltaic installations, decentralized microgrid development, and thermal energy management through EverWatt. In recent corporate developments, Transition Evergreen has supported the industrial expansion and commercial deployment of Safra's Hycity hydrogen bus platform while scaling up transit fleet retrofitting contracts across French metropolitan transit authorities. The company has also expanded Evergaz’s European biomethane output through strategic plant upgrades and long-term agricultural feedstock partnerships, consolidated Everwood’s upstream forestry and downstream biomass distribution network, and completed capital optimization initiatives, including green financing facilities and convertible bond restructuring, to strengthen group liquidity and accelerate capital allocation toward core decarbonization assets. Founded in 2001 and reorganized into its dedicated ecological transition evergreen structure in 2021, Transition Evergreen SA is headquartered in Paris, France, and is listed on the Euronext Paris exchange under the ticker symbol EGR.