GDF SUEZ' Cofely Completes Acquisition of Balfour Beatty WorkPlace
OREANDA-NEWS. GDF SUEZ, through its wholly owned subsidiary Cofely UK Limited, has completed the acquisition of Balfour Beatty UK facilities management business - Balfour Beatty WorkPlace, following full approval from the relevant authorities.
Balfour Beatty WorkPlace will be combined with Cofely’s existing UK business with immediate effect, with the new entity operating under the Cofely brand.
The acquisition creates an enlarged Cofely business with over 15,000 employees and a turnover of close to ?1billion in the United Kingdom. The new business will operate within four key service areas : Energy Services, Technical Services, Facilities Management & Business Process Outsourcing; offering individual services or a fully integrated service from a single source.
Jerome Tolot, Executive Vice-President, in charge of the Energy Services business line commented: “This acquisition is in line with GDF SUEZ ambition to be the leader of energy transition in Europe. It creates a leading service business committed to developing innovative solutions that improve the efficiency of cities, buildings and industry. It also builds on Cofely’s leading position in energy and technical services to equip us with additional capabilities for the delivery of total facilities management services and the outsourcing of business processes.”