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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE

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Engie : to acquire Suezs nuclear maintenance business

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01/12/2019 | 04:40am EDT

Endel, a subsidiary of French energy company Engie, has agreed to acquire SRA SAVAC, the nuclear maintenance business from Suez.

Engie stated that after the acquisition, SRA SAVAC will be renamed to ENDEL SRA. The acquisition is expected to supplement ENDELs specialized and high added-value services for complex environments such as the nuclear sector.

The purchase will enable Endel to further extend its territorial presence in the country and open up new prospects internationally.

Suezs nuclear maintenance business has been offering a complete portfolio of services ranging from primary and secondary circuits of nuclear power plants for the past 35 years. These services include jetting and inspection of steam generators, conducting televisual inspections and extractions of foreign matters, facility cleaning and decontaminating pressurisers.

Endel SRA Director Jean-Paul Mandier said: We are delighted that Suezs nuclear activity is joining Endel with which we have worked for more than 20 years.

In addition to the French nuclear park, we have previously worked successfully with ENGIE subsidiaries such as TECNUBEL, that will continue to contribute to our national and international development by consolidating our strong synergies.

Based in Vaulx-en-Velin (Rhne-Alpes), Suezs nuclear business is supported by a work force of 180 people. The business has reached a turnover of 28m in 2017 of which 4m were generated abroad.

Engie claims that by acquiring Suezs nuclear activity, Endel will be able to supplement the services it offers for major components in power plants (tanks, steam generators and pressurisers) and will extend its regional coverage and can open up new prospects internationally.

(c) Publishing Rights Reserved to Bahrain News Agency 2003 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
ENGIE -0.70% 13.42 Real-time Quote.7.78%
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Financials (€)
Sales 2019 65 200 M
EBIT 2019 5 565 M
Net income 2019 2 509 M
Debt 2019 23 736 M
Yield 2019 5,78%
P/E ratio 2019 13,36
P/E ratio 2020 11,80
EV / Sales 2019 0,87x
EV / Sales 2020 0,84x
Capitalization 32 876 M
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Number of Analysts 22
Average target price 15,5 €
Spread / Average Target 14%
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Isabelle Kocher Chief Executive Officer & Director
Jean-Pierre Clamadieu Chairman
Paulo Almirante Chief Operating Officer
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