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MasterGrid makes and maintains high-voltage electrical equipment, including substations, switchgear and circuit breakers.
Founded in 2019 and based in Grenoble, France, MasterGrid designs and fabricates high-voltage equipment such as substations, metal-enclosed switchgear and circuit breakers. It also provides predictive, preventive and corrective maintenance and retrofitting. In 2023 it reported revenue of EUR 51.91 mn and EBITDA of EUR 7.49 mn, with 35% of revenue from exports. Ardian acquired a majority stake from Andera Partners on May 22, 2025, and the company plans to expand in Europe and the Middle East.
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