EVOLEM focuses on INOVALP

23 October 2019Platforms, Wood stoves

INOVALP is a manufacturer of top of the range wood pellet burning heating systems under the brand names HOBEN, ALPENWOOD and PELLETCOOK.

EVOLEM accompanied the group NOVADEV, its wood energy platform, for more than 10 years and contributed to a revenue increase from € 3M to € 18M.

In October 2019, EVOLEM carried out a platform spin-off operation between the activities of wood stoves and pellet stoves.

For Yann Denance, CEO of INOVALP, “it is an acknowledgement of the work accomplished, it is the unwavering support of EVOLEM and it is especially an opportunity. We are focusing our activity on our core profession : wood pellet heating.”

 

Read the press release in French of the 14th of October 2019