Special to Ontario Construction Report
Under the plan, Bouygues Energies & Services will acquire 85% of the shares of Plan Group. The current management team will remain unchanged and will retain a 15 per cent shareholding.The deal is subject to the approval of the Canadian competition bureau.
“Canada currently offers high-yield short-term and long-term economic opportunities,” said Jean-Philippe Trin, chairman and CEO of Bouygues Energies and Services. “Beyond facilities management and mechanical and electrical engineering, we would like to take advantage of the excellent positioning of Plan Group in order to deploy our expertise in terms of HVAC, network infrastructures (HV lines,substations, street lighting, broadband), solar and biomass power plants.”