GDF Suez to acquire Balfour Beatty WorkPlace

The company expects the acquisition to strengthen its primary brand Cofely in energy services, technical services and facilities management in the UK.

The Cofely arm employs 2200 people in the UK and provides services to 13,000 customer sites in commercial, industrial and public sectors. It is also a large district energy provider. The enlarged activities are expected to generate annual revenues in the region of £800 million.

Balfour Beatty WorkPlace provides a range of services to hospitals, schools and local government. Clients including the Department for Work and Pensions, HM Revenue & Customs, North East Lincolnshire Council as well as the Romec joint venture with the Royal Mail Group.

Commenting on the acquisition, Jérôme Tolot (pictured), CEO of GDF Suez Energy Services, said: “This acquisition will consolidate the Group's significant European position in energy and facilities services and will also create a strong position for GDF Suez in the UK."

Completion is expected in the fourth quarter of 2013 and is conditional on inter alia, EU competition clearance.