The €6.1bn sale of Equans to French construction giant Bouygues has been completed.
Bouygues entered into exclusive negotiations with Equans’ parent company Engie in NOvember last year and has now finalised the deal, which will see Equans become part of Bouygues’ Energies & Services arm.
“Acquiring Equans is a major milestone in the history of Bouygues. It makes our group a global leader in multi-technical services and reinforces our resilience,” said chairman Martin Bouygues.
“Following just over a year spent creating Equans and rendering it autonomous, we are starting the next chapter of our history to build with Bouygues Energies & Services,” added Jerome Stubler, Equans chief executive.
Equans will retain its name, with the operations of Bouygues’ Energies & Services arm - currently part of Bouygues Construction - merging with the Equans team at the beginning of January 2023. It will become the largest business segment within the group by sales (€17bn) and number of employees (97,000).