MONTRÉAL, Feb. 13, 2018 (GLOBE NEWSWIRE) -- ENGIE Services announced today it has acquired Les Contrôles AC Inc. By adding this company to its portfolio, ENGIE Services strengthens its North American leadership in intelligent energy management through professional technical services. Les Contrôles AC was founded in the 1990s to provide full building automation installation, integration and optimization services, complemented by electromechanical maintenance that includes control systems. ENGIE Services had held a 50% interest in the company for more than 10 years. The entire management team will remain on board and the company will remain an individual entity within ENGIE Services.
This acquisition was jointly announced by Messrs. Jean-Luc Billiani, President and CEO of ENGIE Services, Réal Audet, President of Les Contrôles AC Inc. and Richard Pinard, President of Les Contrôles AC Montreal Inc. The company employs close to 150 people in the Laval and Lévis offices. This acquisition will not result in any loss of employment. Rather, management expects Contrôles AC to expand and create new jobs.
“The need for Contrôles AC to grow and ENGIE Services’ determination to expand its business operations by adding complementary services, combined with the benefits to be generated by pooling our operations, were all factors in forging closer links between our two companies and signing a final agreement for the acquisition of this company. ENGIE Services is pleased to welcome all Contrôles AC employees and is committed to continuing the business relationships with the company’s current suppliers and customers. Contrôles AC has always focused on excellence and I am pleased that our partners in the company, including Mr. Réal Audet, will continue to work for the company and contribute their valuable expertise and skills,” said ENGIE Services President & CEO Mr. Jean-Luc Billiani.
“Today, the company is acquiring the means to continue its growth and I am certain that this acquisition by ENGIE Services will enable us to continue our development. I wish to express my sincere thanks to all Contrôles AC staff and assure them of my confidence in the future with ENGIE Services, a company that will ably guide us to new successes,” added Contrôles AC President Mr. Réal Audet.
“We at Contrôles AC are proud of our skills and pleased to work with a company that shares our values. Our integration into the ENGIE Services family is the perfect example of this mindset,” said Mr. Pinard, President of Les Contrôles AC Montreal. “I am pleased with this acquisition, which will further our quest for excellence.”
About ENGIE Services Inc.
ENGIE Services is a facilities management solutions provider that prioritizes energy efficiency for private and public customers across North America. Based in Montreal, ENGIE Services also has offices in the greater Toronto and greater Quebec City areas. Leading governments and organizations trust ENGIE Services’ tailored solutions and experts to operate and maintain their office towers, airports, hospitals, recreational and industrial facilities.
ENGIE Services is part of ENGIE North America Inc., which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG), distribution and sales, retail energy sales and energy optimization services, facility management and mechanical and electrical construction. ENGIE (formerly GDF SUEZ) employs more than 153K people worldwide and achieved revenues of CAN $94.8 billion in 2016.
About Les Contrôles AC Inc.
Les Contrôles AC offers complete automation services for buildings in all markets. Since it was incorporated in March 1992, the company’s revenues and number of employees have increased steadily. Thanks to a team of experienced professionals and of talented and devoted recruits with specialized training, Contrôles AC can guarantee customers have optimum control of the performance of their buildings. We continually adapt our innovative building automation services to keep pace with our clients’ needs and market trends.
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