The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Bouygues and Equans Merger Accepted by CMA

Bouygues and Equans Merger Accepted by CMA
27 September 2022
 

The Competition and Markets Authority has confirmed that it will not refer the merger of Bouygues and EQUANS to a Phase 2 review.

The competition regulator has been investigating the deal after concerns were raised when both businesses offered services to supply HS2 with Overhead Catenary Systems (OCS) as part of a competitive tender. The tender concerned EQUANS subsidiaries SPL Powerlines UK Limited and INEO (acting together as Rapide JV) and Bouygues-owned Colas Rail.

The Competition and Markets Authority (CMA) felt that this may constitute a reduction in competition, potentially resulting in a higher-cost final contract.

In August 2022, both companies submitted proposals to “remedy competition concerns”.  These proposals, including the appointment of an independent third-party assessor, have been accepted by CMA.

For more context on this story, you can read more at the links below:

 

 

Picture: a photograph of piles of paperwork. Image Credit: Unsplash

Article written by Ella Tansley | Published 27 September 2022

Share



Related Articles

Bouygues and Equans to Withdraw One of Their HS2 Bids

The Competition and Markets Authority has accepted that the least “economically advantageous” bid will be removed from the competitive tender, in the latest...

 Read Full Article
Bouygues and Equans Offer Proposals to Address CMA’s HS2 Contract Concerns

In the latest update of the Competition and Markets Authority’s inquiry into a possible breach of competition law by the merger of Bouygues and EQUANS, the two...

 Read Full Article
Concerns Raised for Bouygues and Equans HS2 Bid

Bids from Bouygues and EQUANS for overhead power cable contract work for HS2 could constitute a breach of competition law. The Bouygues buyout of Engie’s FM...

 Read Full Article
Bouygues Energies & Services to Adopt Equans Brand in UK

The UK FM and energy solutions arm of Bouygues will now operate under the Equans brand. Bouygues Energies & Services (E&S) will become Equans from January...

 Read Full Article
Smart Local Energy System for Staffordshire Town Awarded Funding

A new project called Zero Carbon Rugeley has been given extra funding to progress the detailed design of a smart local energy system. EQUANS has secured extended...

 Read Full Article
Bouygues Submits Offer for Engie’s Equans

Bouygues has submitted a binding offer to acquire Engie's facilities management and technical services arm, Equans. Reuters estimates the deal is worth 5-6 billion...

 Read Full Article
Engie Rebrands FM Arm to Equans

Engie's facilities management and technical services will fall under the new EQUANS brand. EQUANS will operate as an autonomous subsidiary of Engie,...

 Read Full Article
VIVO Celebrates Two Year FM Milestone at UK Military’s Built Estate 

VIVO Defence, a joint venture between Serco and Equans, has marked its second year of providing facilities management services to the UK military’s...

 Read Full Article
LSE Names Bouygues UK-Equitix Consortium as Partner for Bankside Student Accommodation 

2,000 new student homes will be built in London’s Bankside for the London School of Economics and Political Science. Situated behind the Tate Modern art gallery,...

 Read Full Article
Southwark Council Discusses 'Serious Failings’ Over Devon Mansions Project

A Southwark Council committee meeting has seen residents and councillors raise concerns over the state of work, behaviour of external contractors and potential fraud in...

 Read Full Article