Tractebel, a global engineering company and part of ENGIE, announces today its acquisition of a 70 percent stake in RED, an award-winning consultancy specialising in the design of innovative and low energy Mechanical, Electrical and Public Health services for Data Centres and commercial and hospitality buildings.
Headquartered in London and with international hubs in Dubai and Singapore, RED also benefits from its Global Design Centre located in Manila in developing leading-edge software models for energy efficiency, Building Information Modelling (BIM), engineering calculations and drawings more quickly and efficiently than traditional models allow.
Since its foundation in 2004, RED has delivered over 200 data centre project designs, many of them achieving new energy benchmarks. Its portfolio of premium customers includes the world’s biggest data centre operators and investment banks.
With over 160 employees, RED posted £11.9m of revenues in 2015. The company has an extensive list of awards, recent awards of note being: Mission Critical Engineer of the Year (2014 and 2013), Innovative Energy-Efficient Project (2013) and MEP Innovation of the year (2013 and 2011).
“Our investment in a high level company like RED perfectly fits Tractebel’s vision to become the architect of energy transition and digital transformation, using state-of-the-art modelling and simulation tools. RED will continue to provide leading expertise in energy efficiency solutions for technical buildings and its consolidated presence in key international regions, mainly in Europe, Asia and Middle-East, also add a strong competitive advantage to Tractebel’s existing offers in the infrastructure market”, said Daniel Develay, Chief Executive Officer of Tractebel.
Commenting on the investment, Ian Whitfield, Managing Director of RED, said “We are delighted with what RED has achieved since its formation 12 years ago, which has only been made possible by the fantastic team we work with. This investment provides exciting opportunities for RED to enter its next phase of further growth and development with its new partner, Tractebel and the wider ENGIE group. We look forward to continuing to provide a first class service to both our existing clients and many new ones”.