We have announced start of exclusive negotiations via our subsidiary ENGIE AXIMA to buy MCI, French specialist in industrial and commercial refrigeration. The transaction will require prior authorization from the French competition regulator.

ENGIE Axima is one of the French leaders in the climate control and fire protection sector. Our subsidiary, which provides B-to-B services, designs innovative solutions to support optimal and sustainable energy performance for buildings. ENGIE Axima has a workforce of approximately 7,500 and generated more than €1.3 billion in revenue in 2016.

MCI designs, installs, maintains, and renovates commercial and industrial refrigeration and climate control solutions throughout France. It currently has some 1,100 employees and posted revenue of nearly €179 million in 2016.

This transaction, which reflects our strategy for growth in services, will enable ENGIE Axima to support the transformation of the refrigeration market, including evolving regulatory and environmental requirements as well as the rise of digital technologies in the profession.