This financing operation, supported by its historical investors (GENEO Capital Entrepreneur, Eximium, and Bpifrance), aims to accelerate the company’s growth through acquisitions, the development of new business models in line with current climate issues, and the international expansion of the Group.
OTEGO, which generates 85% of its turnover from exports, is already present in more than 110 countries. The company plans to use the new funding to strengthen its international operations and double its revenue again by 2030. OTEGO focuses on the manufacture of coated and laminated textiles for protection against heat, with applications in various industrial sectors such as foundries and tyre manufacturing.
This growth strategy is in line with its independence acquired in 2020 after being bought back by its management team, with the support of Bpifrance, Geneo, and Eximium. OTEGO plans to strengthen its presence in Asia, particularly in China, Japan and potentially Indonesia, to meet the growing demand for technical textiles for electric vehicles.
Website: https://otegotextile.com/fr/
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