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Engie acquires two West African energy services companies

Power News - Published on Thu, 18 Jan 2018

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Reuters reported that French utility Engie had acquired two West African industrial energy services companies Afric Power and Tieri n a bid to expand its business in the region. But it did not disclose the price of the transactions.

The two companies, which have offices in Ivory Coast, Burkina Faso, Mali and Niger, specialise in the manufacture and distribution of equipment to agro industry, agri food, mines, large-scale services and data centres.

Engie's regional manager Philippe Miquel said that "This solid foundation combined with Engie's expertise, financial clout and international credentials will enable us to quickly establish the integrated energy service provider the region needs.”

Engie said it planned to use the acquisitions to grow its business by offering energy services to more public and private, commercial and industrial customers.

The utility already operates in West and Central Africa, focusing on centralised energy generation, mini-grids and individual solar kits.

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Posted By : Nanda Koijam on Thu, 18 Jan 2018
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