By Anthony Capkun
September 26, 2014 – Bouygues Energies & Services—a subsidiary of France-based Bouygues Construction—has concluded its acquisition of a majority shareholding in Plan Group, a Canadian company specializing in electrical and mechanical engineering (design, installation, maintenance and technical services, building automation systems and network infrastructure).
“Canada currently offers high-yield, short-term and long-term economic opportunities,” said Jean-Philippe Trin, chair and CEO of Bouygues Energies & Services. “Beyond facilities management and mechanical & electrical engineering, we would like to take advantage of the excellent positioning of Plan Group to deploy our expertise in HVAC engineering, network infrastructures (high-voltage lines, substations, streetlighting, broadband), solar and biomass power plants, and more.”
After the financial close, Bouygues acquired an 85% stake in Plan Group. The current management team remains unchanged and retains a 15% shareholding in the company. Plan Group is based in Toronto, Ont., and also has offices in Ottawa, Montreal and Vancouver. It recorded sales of $361 million in 2013 and employs about 1700 people.
This acquisition is in line with Bouygues Construction’s international strategy, notes the company, and illustrates the group’s “ambition to continue its development in Canada in all parts of the construction value chain”.