TotalEnergies to sell GreenFlex to Oteis, terms undisclosed

TotalEnergies (TTE) and the independent French consulting and engineering group Oteis have signed a deal for the sale of TotalEnergies’ sustainable consultancy and solutions affiliate GreenFlex to Oteis, a divestment that reflects TotalEnergies’ strategy to concentrate its activities on energy production and supply. With over 800 employees and some thirty agencies in France and the rest of Europe, Oteis Conseil & Ingenierie operates in several fields: construction, water and development, infrastructure, and industry. Oteis intends to harness GreenFlex’s expertise in environmental and social consultancy, low-carbon energy performance and transition financing to establish a new player with a full range of services and solutions on their markets. Following divestment, TotalEnergies will become a major GreenFlex customer, signing a contract for the production of French Energy Saving Certificates. Completion of the project is subject to the usual conditions, including the consultation of employee representatives and the authorization of the competition authorities.