The Leading News & Information Service For The Facilities, Workplace & Built Environment Community
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 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
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 ArticleThe 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...
Read Full ArticleThe Competition and Markets Authority has accepted that the least “economically advantageous” bid will be removed from the competitive tender, in the latest...
Read Full ArticleBids 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 ArticleAfter announcing the deal in August 2022, WSP has completed the acquisition of GL Hearn Ltd and Capita REI from Capita Plc. This will add around 1,000 UK-based...
Read Full ArticleGlobal investment firm H.I.G has acquired Cambridgeshire M&E service provider CPS Building Services Limited. The existing management team of CPS will remain in...
Read Full ArticleCompass Group UK & Ireland has acquired Equinoxe Solutions, which will sit within Foodbuy, Compass’ procurement business. Equinoxe Solutions, based in Essex,...
Read Full ArticleCBRE has acquired artificial intelligence business E2C Technology, with the intention of offering its clients additional data solutions. CBRE hopes to use the...
Read Full ArticleExcellerate Services UK has acquired Glasgow-based GSA. GSA offers professional cleaning & support services to some of the UK's most prestigious clients in...
Read Full ArticleNurture Landscapes Group has increased its presence in the Midlands and North of England with the completion of three acquisitions. Barton Grange Landscapes, near...
Read Full Article.gif)
.gif)
.gif){kind=tracking}
.gif)
.gif)
.png)
