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Bouygues has acquired 100 per cent of the shares of global multi-technical services business, EQUANS, for a final price of €6.1 billion.
According to the French-owned construction company, the acquisition will see Bouygues become a “world leader in the promising multi-technical services market” which is at the heart of the environmental, industrial and digital transitions. Such services offer, in particular, solutions to optimise energy consumption, an even more strategic issue in the current context.
The new business segment comprised of EQUANS and Bouygues’ Energies & Services arm will generate around €17 billion in sales, employ around 97,000 people in over 20 countries and enjoy increased capacity to design and roll out innovative and sustainable products and services.
The strong geographical and technical match between EQUANS and Bouygues’ Energies & Services arm will “offer many opportunities for all Bouygues group employees who share a common culture and strong values”.
The company says the transaction will lift the Bouygues group’s total sales from €38 billion to nearly €51 billion and the headcount to around 200,000 in over 80 countries. Adding that the deal “makes the Group even more resilient and creates value for all stakeholders”.
Martin Bouygues, Chairman of the Bouygues Board of Directors, said: “Acquiring EQUANS is a major milestone in the history of Bouygues. It makes our Group a global leader in multi-technical services and reinforces our resilience. Our businesses have in common that they are services businesses with a local footprint, run by dedicated and self-reliant teams of entrepreneurs and employees. I warmly welcome the 75,000 EQUANS employees who are joining our Group.”
Olivier Roussat, Chief Executive Officer of the Bouygues group, commented: “EQUANS joining the Bouygues group offers a tremendous opportunity to create a global leader with strong local roots that can play a key role in meeting the challenges of the environmental, industrial and digital transitions, helping deliver more sustainable and energy-efficient growth, and supporting our customers as they switch to a low-carbon model. We have everything in place to make this acquisition a success for all of the Group’s stakeholders, especially its employees, customers and shareholders.”
FMJ, in partnership with PlanRadar, is pleased to bring together a panel of experts to discuss achieving ESG using the power of digitisation.
According to the Environmental Audit Committee (EAC) the UK’s built environment is responsible for 25 per cent of the UK’s greenhouse gas emissions, and a large proportion of the commercial stock in the UK requires further investment to become environmentally sustainable. With climate deadlines looming, urgent action is needed.
The pandemic taught us the importance of utilising digital technology to protect people. FMs are now aware of the use of accurate data to help manage assets as well as occupants, by streamlining maintenance programmes, monitoring building assets performance and measuring the amount of energy being used.
FMs have a key role in meeting ESG goals, which include:
* Environment: Meeting sustainability goals, including net zero targets, waste reduction and recycling
* Social: Maintaining health and safety, delivering social value, equality and diversity, duty of care and investment in skills
* Governance: Compliance with all regulatory requirements and legislation, and reducing errors by the use of robust data processes.
The webinar will take place on the 11th October at 11am.
Register for the webinar here.
If you are unable to attend please register and we will send through a recording of the event post webinar.
