TotalEnergies has signed an agreement to transfer its GreenFlex subsidiary to the French group Oteis, which specializes in engineering and technical consulting. This operation aims to strengthen Oteis ‘ positioning in the integrated environmental solutions markets.
GreenFlex transfer for energy supply
TotalEnergies’ decision is part of an active policy of refocusing its portfolio on its core business: energy production and supply. energy production and supply. With this transfer, the company seeks to consolidate its role in the energy transition from its industrial base, without abandoning its relationship with GreenFlex, which will become a strategic service provider through a contract for the issuance of Energy Saving Certificates(EEC) in France.
The Oteis group, with more than 800 employees and a presence in multiple regions of Europe, integrates capabilities in construction, infrastructure, water and industry. The acquisition of GreenFlex will enable it to broaden its portfolio of services by integrating specific competencies in environmental consulting, transition project finance and low-carbon energy management.
For GreenFlex, the change of control represents an opportunity to scale its operations and diversify its clients. Moreover, with its multidisciplinary model, based on specialized consulting, digital solutions and green finance, it fits with Oteis’ strategy, which relies on technical innovation and territorial proximity as differentiating factors.
The integration of human resources, technical expertise and geographic coverage makes this new alliance a relevant player in accelerating the transformation of companies and territories towards more sustainable models. The integration of GreenFlex into Oteis broadens the operational scope of both groups, and also contributes to the promotion of resilient and efficient projects from an environmental and economic perspective.
Source: TotalEnergies
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