FRANCE: Bouygues, the building and diversified expert services team, has signed an arrangement to buy Equans, the FM and electricity answers arm of Engie, for an approximated €7.1bn.
The proposed merger concerning Equans and the Bouygues group’s Energies & Companies arm (Bouygues Energies & Providers and Kraftanlagen München) will create a new international chief in multi-technological expert services with income of €16bn and 96,000 workers – 74,000 of them from Equans.
It would have broad geographical get to, extending to about 20 nations around the world throughout the world. Equans and the Bouygues group’s Energies & Products and services arm have strong positions in the key European markets and promising chances for enlargement in North America. The new business enterprise will also enjoy a dense branch community in France and Switzerland
The acquisition is anticipated to be done by the second 50 percent of 2022.
The multi-technological companies sector notably handles electrical engineering, HVAC, refrigeration, mechanical engineering, robotics, digital, telecoms networks and services management.
The Equans small business, which was shaped by Angie in July, consists of its local weather regulate company Axima.