GDF SUEZ via Cofely acquires Keppel FMO in Singapore

November 28, 2014

GDF SUEZ, via its subsidiary Cofely South East Asia, announced today the purchase of Keppel FMO, a subsidiary of Keppel Infrastructure Holdings Private Ltd.

Keppel FMO («KFMO») is one of the strongest providers of integrated facilities management (FM), property management, operation and maintenance, and FM consultancy services in Singapore, operating across a wide spectrum of industries and markets, including airport, rail, healthcare, education, government, mission-critical commercial facilities. Keppel FMO employs around 1,000 people and generates annual revenues of around 55 million Euros.

Cofely South East Asia offers a unique combination of service expertise, from the design, implementation and management of energy and utility solutions, to the operational delivery of integrated facilities management.

This acquisition is in line with GDF SUEZ strategy to develop, through its primary brand Cofely, its European leading position in energy services on an international scale. In Singapore, the acquisition, combined with Cofely’s Singaporean operations, will give Cofely a strong position in this sector and will enable GDF SUEZ Energy Services to expand its environmental and energy efficient solutions in South East Asia.

Jérôme Tolot, Executive Vice-President of GDF SUEZ, in charge of the Energy Services Business Line, also added: «This acquisition builds on Cofely’s European leading position in energy efficient solutions to equip us with additional capabilities for the delivery of integrated facilities management services. Cofely has the ambition to double its revenues outside Europe within the next 5 years and South East Asia is one of the main regions we want to invest in».

Cofely GDF SUEZ is a global player in energy efficiency, multi-technical services and outsourcing for companies and communities. Our experts design, develop and manage tailored, smart and sustainable solutions for our customers’ benefit.  From the world’s highest building to the most visited museum, from green data centres to zero-carbon factories – we help organisations run their facilities more efficiently. With 90,000 employees in nearly 40 countries, Cofely generated revenues of 14.7 billion Euros in 2013. Cofely is the leading brand of GDF SUEZ Energy Services, one of the five business lines of GDF SUEZ Group.

GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 147,400 people worldwide and achieved revenues of €81.3 billion in 2013. The Group is listed on the Paris and Brussels stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

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