Total Expands Its Energy Efficiency Business with the Acquisition of GreenFlex
September 19 2017 - 3:28AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is to acquire GreenFlex, a
French company specialized 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 €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 optimization 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,”
said 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.
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, a major player in
low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and
accessible to as many people as possible. As a responsible
corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social
and environmental benefits.
About GreenFlex
An independent company, GreenFlex has been convinced since 2009
that businesses should make a positive contribution to the major
transitions under way. The group helps accelerate the transition
and reduce environmental and societal costs with a view to tackling
the major challenges facing businesses, offering support from
developing strategy to taking action for a future of optimal
performance, a “Good Future.”GreenFlex’s teams offer an array of
operational, sustainable solutions focusing on energy strategy and
performance, financing the transition and asset management,
integrating a sustainable vision and strategy, stakeholder
relationship management, and responsible products and consumption.
These solutions combine support, data intelligence and financing
for tangible, measurable results.GreenFlex boasts close to 230
employees working out of 14 offices throughout Europe, for revenues
of over €230 million in 2016. Over the last seven years, the
company has lent its support to over 600 clients.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170919005661/en/
Total contacts:Media Relations:General: +33 1 47 44 46
99presse@total.com@TotalPressorLaetitia Maccioni: + 33 6 24 60 57
65laetitia.maccioni@total.comorInvestors Relations: +44 (0)207 719
7962holding.communication-financiere@total.com
TOTAL (NYSE:TOT)
Historical Stock Chart
From Aug 2024 to Sep 2024
TOTAL (NYSE:TOT)
Historical Stock Chart
From Sep 2023 to Sep 2024