ENGIE boosts energy transition expertise with Conti acquisition


French utility ENGIE’s recent flurry of new acquisitions, green bond issuances and government-partnerships (more on the company’s incredible few months on the other side of that link) has been complemented by the acquisition of US-based energy services and construction company Conti Corporation.

Conti’s US and Canadian operations with its subsidiaries Ion Electric, McGilvray Mechanical, and Indicon Corporation support the design, building, engineering and construction sectors, through service offerings in the heating, air-conditioning, mechanical and electrical systems, and digital network portions of client operations.

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The company also has interests in the development of solar power projects in the US and Canada.

The deal was concluded for an undisclosed amount, and is still subject to approval by relevant authorities, but is a step closer to ENGIE’s vision to offer both commercial and public-sector clients achieve a zero-carbon future.

Franck Bruel, Executive Vice President of ENGIE’s North America, UK and Latin America Business units said: “We are pleased to welcome our 2,000 new colleagues from Conti. They will bring great wealth to our portfolio of activities and skills.

“We are also looking forward to welcoming clients of Conti, Ion, McGilvray and Indicon to our client base in North America, where we are working on more than 55,000 projects. With them, we will continue to develop our potential and devise comprehensive and innovative solutions to lead the zero carbon transition.”