Business Deal Total Energies to Sell Greenflex Affiliate to French Group Oteis

Source: Press release Total Energies 1 min Reading Time

Related Vendors

The independent French consulting and engineering group Oteis has entered into a deal with Total Energies to acquire the firm’s sustainable consultancy and solutions affiliate Greenflex. This move is in line with Total Energies’ long-term strategy of focusing its activities on energy production and supply.

Total Energies and the independent French consulting and engineering group Oteis have signed a deal for the sale of Total Energies’ sustainable consultancy and solutions affiliate Greenflex to Oteis,(Source:  Pixabay)
Total Energies and the independent French consulting and engineering group Oteis have signed a deal for the sale of Total Energies’ sustainable consultancy and solutions affiliate Greenflex to Oteis,
(Source: Pixabay)

Paris/France – Total Energies and the independent French consulting and engineering group Oteis have signed a deal for the sale of Total Energies’ sustainable consultancy and solutions affiliate Greenflex to Oteis, a divestment that reflects Total Energies’ strategy to concentrate its activities on energy production and supply. With over 800 employees and some thirty agencies in France and the rest of Europe, Oteis Conseil & Ingénierie operates in several fields: construction, water and development, infrastructure, and industry. The group’s ability to integrate new teams and develop their skills following deals similar to the Greenflex acquisition has delivered strong growth in recent years.

Oteis intends to harness Greenflex’s expertise in environmental and social consultancy, low-carbon energy performance and transition financing to establish a major new player with a full range of services and solutions on their markets.

For the teams at Greenflex, the deal represents an opportunity to expand into new markets while continuing to help businesses and regions to become more sustainable, decarbonize and improve their energy efficiency.

Following divestment, Total Energies will become a major Greenflex customer, signing a contract for the production of French Energy Saving Certificates (CEEs).

Completion of the project is subject to the usual conditions, including the consultation of employee representatives and the authorization of the competition authorities.

(ID:50603952)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Unfold for details of your consent