BUTEC Group acquires ENGIE’s Energy Services activities in Africa

AFRICA – UAE-based leading contracting group in the MENA and GCC regions, BUTEC Group, has completed the acquisition of all ENGIE Energy Services activities in Africa.

The completion of the deal follows an initial agreement signed on the 16th of last December between the two groups.

The 17 acquired companies focus on multi-technical services related to energy efficiency, electro-mechanical works, and maintenance services.

This transaction stems from the strategic decision taken by BUTEC to expand the geographic footprint of its Energy Services activities.

This acquisition enables BUTEC, a major EPC projects specialist since the 1960s, to develop its second core business line, multi-technical services, in Africa.

In addition, it will allow BUTEC Group to capitalize on 2000 collaborators and highly skilled executives, whose expertise will strengthen the company’s Energy Services activities, through key synergies.

The acquisition of the “Energy Services” businesses of ENGIE Group in Africa aligns perfectly with the growth strategy of BUTEC Group,” said Ziad Younes, Chairman of the Board of Directors of BUTEC Group.

We are very confident that the teams of the acquired companies will rapidly integrate the BUTEC family and fit in perfectly with our strong corporate culture, built over a long history of successes shared by the Group, its shareholders, employees, and clients.”

The newly acquired company were established since the early years of the 20th century and have experience in the field of multi-technical services installation and maintenance in their respective countries.

ENGIE on the other hand has decided to sell its Energy Services activities to Bouygues in Europe and to BUTEC Group in Africa, in line with its decision, taken in 2020, to redefine its strategic priorities to focus on green energy generation and distribution.

The acquisition perimeter includes

In North Africa, ENGIE Service Morocco (the merger of the ex SPIE Morocco, Cofely Morocco, and EFS) and ENGIE Services Algeria.

These companies are leaders in the North African markets and major actors in the energy transition.

In West Africa, ENGIE subsidiaries in Côte d’Ivoire, Benin, Burkina Faso, Ghana, Mali, and Niger.

These companies hold leading positions with regard to engineering, equipment installation, and energy efficiency services, as well as with regard to the manufacturing of electrical installations.

In Southern Africa, Ampair, Thermair, and IES operate in South Africa, Botswana, Mozambique, Swaziland, and Zambia.

With over 70 years of experience, these companies are leaders in climate engineering as well as in the installation and maintenance of air conditioning systems.

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