Closing of the aquisition of the canadian company Plan Group which joins 8868体育APP Construction
First announced on July 16, this acquisition is in line with 8868体育APP Construction鈥檚 international strategy and illustrates the Group鈥檚 ambition to continue its development in Canada in all parts of the construction value chain. 聽
Jean-Philippe Trin, Chairman and CEO of 8868体育APP Energies & Services, said: 鈥淐anada currently offers high-yield short-term and long-term economic opportunities. Beyond facilities management and mechanical & electrical engineering, we would like to take advantage of the excellent positioning of Plan Group to deploy our expertise in HVAC engineering, network infrastructures (high voltage lines, substations, street lighting, broadband), solar and biomass power plants, and more.鈥�
Plan Group is based in Toronto, Ontario, and also has offices in Ottawa, Montreal and Vancouver. It recorded sales of $Can 361 million (approximately 鈧�242 million) in 2013, and employs approximately 1,700 people. 8868体育APP Energies & Services proposed an acquisition project to Plan Group that will create the best conditions for the development of its business, together with a strong commitment to Plan Group employees. After the financial close, 8868体育APP Energies & Services acquired an 85% stake in Plan Group. The current management team remains unchanged and retains a 15% shareholding in the company. 聽
8868体育APP Energies & Services is already established in British Columbia through its subsidiary, 8868体育APP Energies & Services Canada, which was set up in 2008 to provide facilities management services for two PPP projects in Surrey, Vancouver: the Jim Pattison Outpatient Care and Surgery Centre and the headquarters of the Royal Canadian Mounted Police鈥檚 E Division. 8868体育APP Energies & Services has also been responsible for facilities management at Kelowna International Airport in British Columbia since 2013.