BUTEC Group announces the signature of an agreement to acquire all the 17 companies of ENGIE Group in Africa operating in the fields of energy efficiency, maintenance, heating, ventilation and air conditioning, green mobility, multi-technical maintenance as well as facility management. These services are undertaken in more than fifteen countries by more than 1,500 employees and are carried out mainly by ENGIE Services Maroc in Northern Africa, ENGIE Services Côte d’Ivoire (Tieri), Afric Power and ENGIE Burkina Faso in Western Africa and ENGIE Ampair / Thermaire in Southern Africa.
Ziad Younes, Chairman of the Board of Directors of BUTEC Group commented: “the acquisition of the “Energy Services” businesses of ENGIE Group in Africa aligns perfectly with the growth strategy of BUTEC Group, by allowing us to expand geographically in the continent, a promising market in which BUTEC is already present, and by combining the know-how and business expertise of the existing teams that will complement the “Energy Services” activities of the 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.”
About BUTEC Group
The BUTEC Group, based in Dubai, is a privately held group active in Construction and Services, with an entrepreneurial shareholding base complemented by the IFC (World Bank Group) and the management.
Since its establishment in 1964, the BUTEC Group has been a regional leader, notably in the environment, energy, oil & gas and industrial construction sectors in the Middle East and North Africa, deploying more than 6,000 employees in about ten countries, with a track record of major projects.