Engie acquired Latin American services provider CAM (Compania Americana de Multiservicios), which operates in the field of installation, operation and maintenance services for the electricity and telecommunications sectors in the region, the group announced Thursday.
This transaction, the cost of which was not disclosed, is in line with the France-based global energy group's strategy to strengthen its customer solutions offer in Latin America,and will expand Engie’s access to an extensive range of industrial and utility customers of different sizes, according to a statement from the group.
"The Group is now consolidating a unique and comprehensive offer comprising a wide range of solutions in energy infrastructure, power generation and specialized customer services," it said.
Pierre Chareyre, Engie's executive vice-president in charge of the business units Global Energy Management and Latin America, said by combining Engie and CAM's activities in Latin America, the group was taking an important step in the implementation of its regional strategy, focused on the development of customer solutions.
Latin America Chief Customer Solutions Officer Pierre Devillers added this acquisition would broaden Engie's expertise and expand its offer for industrial clients and cities in the context of energy transition and digital transformation. "The group's ambition is to build a multi-solution and multi-country platform serving its current and future clients," he said.
According to the statement, following the integration of CAM's 10,000 employees, Engie’s Latin America Business Unit will triple its headcount from 4,800 employees to approximately 15,000. The group's Latin America business unit (excluding Brazil) is present in Chile, Argentina, Peru and Mexico. CAM has offices in Chile, Colombia and Peru.
(Anadolu Agency)
