CL Grupo Industrial completed its acquisition of Global Energy Services (GES), by acquiring the 100% of Global Energy Services Siemsa S.A. shares. The industrial group takes the last step to add the renewable construction and service provider to its energy company portfolio.
GES will be CL Grupo’s frontline when it comes to the services provided for the renewable sector; providing services through the whole value chain, including engineering, construction, operation and maintenance for both wind and solar.
GES has recently come out of a state of insolvency the company came through during the last months. This was the last obstacle to complete the sales and purchase process from CL side, which has finally become a reality with the deal signage.
Just recently GES said it was returning to work in Egypt where it already, in the last year, has been awarded three new projects in the country. The company has 200 MW in maintenance work in Egypt and will add 40 MW more in the near future.