ENGIE reached an agreement with two South African energy services companies, Thermaire Investments (Pty) Ltd and Ampair to acquire 100% of their respective shares. Together, both companies employ more than 500 people across South Africa, Botswana and Mozambique, and are major players in the HVAC installation and service segment in their respective markets.
Jointly, the acquired companies will form the largest South African HVAC contractor with a strong capacity to export its skills cross-border and into the greater Southern African region.
“We are proud of this first step in the business to business market and excited about jointly exploring further opportunities in the region,” says Mohamed Hoosen CEO of ENGIE Southern Africa.
As a global energy company and expert operator in Renewables and Energy Storage, Lighting, Heating and Cooling Systems, and Energy Management and Controls, ENGIE is embarking on an acquisition strategy to grow its presence in the African market.