Engie acquires Keepmoat division for à‚£330m

Engie has acquired Keepmoat’s regeneration arm. The house builder has relationships with over 170 local councils across the UK and the French company is set to develop the newly purchased business in tandem with its energy efficiency expertise.

In the UK, Engie employs 17,000 people and is a major provider of property services and energy management, including district heating, to local authorities and businesses.Engie logo

Construction Enquirer reports that Keepmoat currently has a à‚£1bn order book and a à‚£9bn pipeline of regeneration opportunities across the UK.

Wilfrid Petrie, CEO of Engie in the UK & Ireland, said: “Engie aims to be the number one partner for cities and places in the UK and with the Keepmoat regeneration business we are extending and deepening our relationships with local authorities right across the country.

“By combining our energy expertise with an expanded services capability we can make a bigger impact, as we help to improve the lives of the communities we serve.

“Today, buildings account for 30% of UK carbon emissions and our investment in Keepmoat underlines our long-term commitment to the UK as it transitions to a lower carbon economy. This transaction will also support our growth ambitions for decentralised energy networks and our home energy business as the regeneration activities will bring us closer to the end customer.”

Alongside the repair and refurbishment of homes and buildings, the Keepmoat regeneration business has extensive capabilities in creating zero carbon new homes, retrofitting high-rise residential accommodation and supporting the cost reduction and energy efficiency targets of community regeneration projects, such as insulation and heating solutions to on-site generation and energy consultation services.

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