In line with ENGIE’s strategy to strengthen its customer solutions offer in Latin America, the Group acquired today CAM (Compañía Americana de Multiservicios), leader in the field of installation, operation and maintenance services for the electricity and telecommunications sectors in the region.
Through this transaction, ENGIE focuses on the customer services segment as a pillar of growth and value creation in Latin America. This acquisition will reinforce the Group’s presence in the region and will expand ENGIE’s access to an extensive range of industrial and utility customers of different sizes.
The Group is now consolidating a unique and comprehensive offer comprising a wide range of solutions in energy infrastructure, power generation and specialized customer services.
Following the integration of CAM’s 10,000 employees, ENGIE’s Latin America Business Unit will triple its headcount from 4,800 employees to approximately 15,000.
Pierre Chareyre, ENGIE Executive Vice-President, in charge of the business units Global Energy Management and Latin America said: "By combining ENGIE and CAM’s activities in Latin America, the Group is taking an important step in the implementation of its regional strategy, focused on the development of customer solutions.”
Pierre Devillers, ENGIE Latin America Chief Customer Solutions Officer added: “In the context of the energy transition and the digital transformation, this acquisition will broaden ENGIE’s expertise and expand its offer for industrial clients and cities. The Group’s ambition is to build a multi-solution and multi-country platform serving its current and future clients."
ENGIE’S Latin America business unit (excluding Brazil) is present in Chile, Argentina, Peru and Mexico.