ENGIE acquires Cofely BESIX Facility Management (CBFM) and rebrands it ENGIE Cofely

ENGIE today announced its full acquisition of Cofely BESIX Facility Management (CBFM) and has rebranded the new entity ENGIE Cofely. This acquisition is the result of the Group’s strategy to reinforce its regional presence in integrated client solutions for a zero-carbon transition.

Positive Energy Partner
Born in 2008 from a partnership between ENGIE and Belgian construction group BESIX, CBFM is a major client solutions and energy services provider, with 2,000 employees operating across the region, with a strong presence in the UAE and Oman (with its partner Daud), working on several landmark sites such as Dubai Mall, Abu Dhabi’s Zayed University and City Walk.

This acquisition is the result of ENGIE’s strategic ambition to become the world leader in zero-carbon transition, developing energy-efficient assets and putting into practice a unique integrated approach, enabling the company’s accelerated growth across a broad spectrum of services while servicing clients’ evolving needs.

This ambition has previously led to ENGIE’s 2018 acquisition of a significant stake in Smart4Power, a Dubai-based independent energy services company (ESCO) providing energy saving solutions for existing buildings in the public and private sectors.

Sébastien Arbola, Chief Executive Officer of ENGIE MESCAT, commented “This move is a game changer for ENGIE in the Middle East, as it provides us direct access to expanded capabilities to meet our clients’ needs. It integrates into our portfolio a technical services team with a strong local and regional reputation and provides a robust platform for future development across the region”.

Long Term Commitment to the Region
ENGIE has been present across the GCC for over 20 years, establishing its position as a leader in power and water production with a total gross portfolio of 30 GW power and over 4.5 million cubic meters per day of desalinated water. Globally, the Group employs 100,000 people devoted specifically to energy efficiency.

ENGIE and BESIX agree that their shared success in CBFM has demonstrated the strength of their ten-year partnership in the region, and they will continue to explore regional opportunities in a bid for sustainable success.

ENGIE Cofely CEO Ian Harfield said “We are excited to join the global ENGIE family and look forward to embark on a new journey that will see ENGIE Cofely combine ENGIE’s global expertise with CBFM’s robust geographical presence and capabilities. This will give our local customers the best of both worlds, while allowing us to expand further across the region.”