ENGIE acquires OpTerra Energy Services

ENGIE and OpTerra Energy Services announced that a member of the ENGIE Group has acquired OpTerra Energy Services and its affiliated companies. The aim of the move is to strengthen both companies’ energy services.

Some notable projects implemented by OpTerra include retrofitting the City of San Jose’s streetlights to first-in-kind networked LEDs in 2015.

The OpTerra team will join a larger family of ENGIE businesses in North America. Terms of the deal were not disclosed.

“With OpTerra, ENGIE is building an important link within our energy services offerings to optimize resources for commercial, industrial, and public sector clients. Through data analytics, ENGIE identifies sites that can reduce consumption. OpTerra designs and implements projects that can achieve decreased consumption. And ENGIE’s Services team can perform the Operations and Maintenance on site,” said Frank Demaille, President and CEO of the North American business unit of ENGIE. “We welcome the OpTerra employees to our Group as we work to build a cleaner, more innovative energy future in our region.”

“ENGIE is an ideal home for OpTerra to deliver meaningful energy efficiency and sustainable solutions to a vast array of customers in the United States,” said John Mahoney, CEO of OpTerra Energy Services. “This acquisition is in line with our long-term growth strategy, and the entire OpTerra team is ready to leverage ENGIE’s presence here to broaden our suite of offerings to our current and future customer base.”

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/26022016/engie-acquires-opterra-energy-services-2599/