Bouygues Group, the French industrial conglomerate whose American subsidiary Winnovation is a BuiltWorlds member, recently completed the acquisition of Equans, a key milestone in its development.
Thanks to this transaction, Bouygues becomes 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 optimize 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 deal makes the Group even more resilient and creates value for all stakeholders. As Martin Bouygues, Chairman of the Bouygues Board of Directors, stated: “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.”
We will be talking about all things Venture-related and more at our upcoming Venture East Conference in Miami, FL on November 14-16th. BuiltWorlds Venture Conference has been the world’s premier conference focused on venture investing in construction and built environment-related emerging technology. Leading fund investors, strategic investors, and startups gather each year to take the pulse of the industry’s startup ecosystem at the BuiltWorlds Venture Conference. Hope to see you there!
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