CNN MCO's acquisition
ENGIE, via its subsidiary ENDEL has announced its acquisition of CNN MCO, a French company specializing in the maintenance, management, and upkeep of all types of naval vessels. The acquisition is part of ENGIE’s transformation strategy, strengthening the Group’s portfolio of B-to-B services and solutions.
CNN MCO is a subsidiary of La Compagnie Nationale de Navigation (CNN) created in 2008 to handle maintenance and logistical support for various types of naval vessels (fast ships, patrol boats, survey and ocean vessels, etc.). CNN MCO applies cutting-edge expertise developed within the context of a ship owner culture and covering technical consulting, safety procedures, parts shipping, and expert interventions. Whether at berth, in a dry dock, or even during a voyage, the company can perform any type of maintenance or repairs.
The Brest-based company (located in Finistère Department) is maintaining the operational readiness of 50 vessels belonging to the French navy and customs office. More broadly, its activities cover a wide variety of units within the French national navy, foreign navies, private ship owner fleets.
Acquiring CNN MCO reinforces ENGIE’s operational expertise and capacity to operate on an international level and makes it the second-ranked company France in the field of marine operational readiness. The transaction has also enhanced the Group’s ability to contribute to the international reputation of French industry.
ENDEL ENGIE, the French leader in industrial maintenance, has 140 locations and operating areas, mainly in France, with more than 5,600 employees and over 2,500 customers. Its ambition is to be the gold standard for industrial services in environments with the strictest safety and quality requirements. Its strategy is based on four priorities: tripling its business in the process industries; guaranteeing its customers’ operating performance; providing innovative solutions for design, production, and maintenance; and exporting its cutting-edge expertise to benefit its customers.
CNN MCO is part of this strategy and opens the way to other significant acquisitions.
ENGIE, through its subsidiaries ENDEL ENGIE, ENGIE Axima, ENGIE Cofely, and ENGIE Ineo, already possesses advanced and complementary expertise in the marine sector, often in meeting the needs of shared clients. Their respective fields of expertise are well known and include the installation and maintenance of HVAC and refrigeration equipment in new construction; security, telecommunications, and logistical assistance systems designed for defense; and operational readiness for military vessels, including providing maintenance services for buildings on land and ships at berth.