BANPU Expands Its Energy Technology Portfolio with Acquisition of Engie Service Thailand
This investment is another significant step in accelerating the growth of the Energy Technology business under Greener & Smarter strategy by expanding Smart Energy Solutions business
Banpu Public Company Limited (BANPU) announced that Banpu Next Company Limited (Banpu NEXT), the subsidiary of BANPU and Banpu Power Public Company Limited (BPP) by equally hold 50 percent has entered into Purchase and Sale Agreement (PSA) for the purchase of 100 percent shares of Engie Services (Thailand) Company Limited from existing shareholders in the amount of SGD 3.8 million (approximately THB 95 million).
Engie Service (Thailand) is the energy management company registered in Thai Energy Service companies (ESCO) Association, providing energy management services including procure, install, operate, maintain, and enhance energy systems such as air compressor, chiller, etc. in commercial buildings and factories in Thailand. The transaction is expected to complete by November 2021. BANPU will therefore realize 100% operational performance after the transaction completion.
This investment is another significant step in accelerating the growth of the Energy Technology business under Greener & Smarter strategy by expanding Smart Energy Solutions business. This acquisition will support and strengthen energy management solutions and platforms for both commercial building and industrial users, aligning with the company’s commitment to achieve long term sustainable growth.