Scandoil  

Total Expands Its Energy Efficiency Business With the Acquisition of GreenFlex


Published Sep 19, 2017
[an error occurred while processing this directive]

Edit page New page Hide edit links

Total S.A.

Total is to acquire GreenFlex, a French company specialised in energy efficiency.

Founded in 2009, GreenFlex is one of the European leaders in its sector, with more than 600 clients. The company is forecasting revenues of more than EUR 350 million in 2017 and employs 230 people. GreenFlex combines data intelligence and equipment management and financing to help clients manage their energy consumption efficiently.

The acquisition will accelerate the expansion of Total’s energy efficiency offering, over and above the growth of its affiliates BHC Energy in France and Tenag in Germany. Total intends to offer its customers integrated solutions, from optimisation of energy needs and sources and finding financing solutions to energy management and emissions measurement and reduction.

“Climate challenges are integrated into Total’s strategy, and our aim is to be the responsible energy major. This acquisition in energy efficiency services is fully aligned with this strategy,” says Philippe Sauquet, President of Gas, Renewables & Power at Total. “We are pleased to welcome GreenFlex and its employees to the Group. Total aims to make GreenFlex the linchpin of its growth in the energy efficiency industry in Europe.”

The transaction is expected to close in the fourth quarter of 2017, once it has been approved by the relevant regulatory authorities.

Tags: GreenFlex, Total




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml