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Tractebel Engineering purchases Lahmeyer

LNG Industry,

GDF Suez subsidiary, Tractebel Engineering, has purchased Lahmeyer, a German-based company owned by Capiton GmbH.

Lahmeyer is a leading consultancy engineering company specialising in energy and water infrastructure. Lahmeyer enjoys a strong international reputation, capitalising on a deep technical know-how reflected in its long track record as a niche player.

Tractebel Engineering is a leading engineering company specialising in energy and smart infrastructure. The company’s major projects include: Gibe 1800 MW Hydro Power in Ethiopia; Rogun 3600 MW Hydro Power Plant in Tajikistan; LNG terminal in Shanghai; 2800 km high voltage transmission lines in Brazil.

The new partnership will create a leading world player in consultancy engineering services specialising in energy infrastructure, able to deliver technical and project management services from a broader platform, thus serving more clients in more markets, especially in Africa, Asia, Europe, Latin America and the Middle East.

Commenting on the venture, Jérôme Tolot, CEO of the Energy Services business line of GDF Suez, said: “This acquisition is fully in line with the Group strategy to further develop the energy services business on a broad international scale. The resulting stronger engineering resources will also reinforce the Group for the development of new projects worldwide.”

Finalisation of the transaction will take place before the end of 2014, following customary closing conditions and regulatory approvals.

Adapted from press release by Katie Woodward

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