Mitie Acquires P2ML
Mitie has expanded its telecoms offering with the acquisition of P2ML. P2ML is a specialist telecoms tower design house, which will further expand Mitie’s...
Read Full ArticleBouygues 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 euros ($5.79-$6.95 billion).
Equans operates as an autonomous subsidiary of Engie, with 74,000 employees across 17 countries, managed by Jérôme Stubler and his management team.
The proposed acquisition of Equans forms part of Bouygues’ strategy to create a major player in multi-technical services within the Group.
An official press release stated:
“As stated on 7 September 2021, Bouygues would not require a capital increase to finance this transaction. The divestment process initiated by the seller is competitive and confidential. Bouygues will disclose more information to the market in due course if necessary.”
Picture: a photograph from inside one of Engie's research facilities
Article written by Ella Tansley | Published 04 November 2021
Mitie has expanded its telecoms offering with the acquisition of P2ML. P2ML is a specialist telecoms tower design house, which will further expand Mitie’s...
Read Full ArticleWith the addition of Salisbury, Atlas FM will be a £160 million turnover company that employs 8,500 people at over 6,000 sites around the country. The rationale...
Read Full ArticleBAM Group’s public-private partnership projects business is changing its name to Invesis, following a change in the company’s ownership structure. Pension...
Read Full ArticleBlackstone has recapitalised its logistics business in a €21 billion deal. Investors of Mileway, the European logistics arm of Blackstone, will be offered the...
Read Full ArticleFM company Q3 has announced its acquisition of commercial property management contractor Newtons Group. The acquisition includes 100 per cent of the share capital of...
Read Full ArticleMidas Group, one of England's largest privately-owned construction and property service companies, is to cease trading. The company filed an administration notice...
Read Full ArticleEquans, Engie’s FM arm, has been appointed to deliver a major £140 million post-graduate student accommodation project for the London School of Economics and...
Read Full ArticleDespite the obvious challenges and interruptions, 2021 was a busy year for deals, acquisitions and mergers in the commercial property sector. Office...
Read Full ArticleLandsec has acquired a majority stake in MediaCity, the 37-acre media, digital and tech hub in Salford, Greater Manchester, for £425.6 million. Indicating...
Read Full ArticleBellrock Property & Facilities Management is to partner with Sun European Partners, LLP to accelerate future growth. Bellrock Property & Facilities Management...
Read Full Article