Total Acquires French Energy Efficiency Company Greenflex
19 September 2017 - 9:58AM
Dow Jones News
By Alberto Delclaux
Total SA (FP.FR) said Tuesday that it would acquire Greenflex, a
French company specializing in energy efficiency.
Greenflex was founded in 2009 and is expecting revenues of more
than 350 million euros ($418.1 million) for 2017, according to
Total. The company helps clients manage energy consumption more
efficiently via data intelligence and equipment management.
"Climate challenges are integrated into Total's strategy," said
Total's gas, renewables & power president, Philippe Sauquet.
"This acquisition in energy efficiency services is fully aligned
with this strategy."
The acquisition is expected to close in the fourth quarter, said
the French oil-and-gas company.
The value of the deal was not disclosed.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
September 19, 2017 04:43 ET (08:43 GMT)
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