ENGIE has just announced the signing of an agreement to acquire the Powerlines Group
ENGIE has just announced the signing of an agreement to acquire the Powerlines Group, becoming one of the main players in public transport system electrification in the process
Encouraged by residents, local authorities want to play their part in the zero-carbon transition in order to tackle the climate emergency and further enhance their own appeal. Within this context, transport infrastructure is key to increasing the appeal of towns and regions. This infrastructure has to be made high-performance, efficient and reliable, while reducing its carbon footprint and supporting changes in people’s uses across their regions.
This is why ENGIE, one of the world’s leading groups involved in the transition over to a zero-carbon world, has just signed, through its ENGIE Ineo entity, an agreement to acquire the Powerlines group*, one of Europe’s main players involved in the electrification of mass transit systems. In so doing, ENGIE is stepping up its commitment to its public and private clients to bring about a form of mobility that is more virtuous in terms of traffic, air quality and the optimisation of public transport networks.
Powerlines is a leading independent supplier that designs, installs and maintains electrification systems for railway networks and provides recognised cutting-edge expertise in both urban modes of transport (metros, tramways and buses) and intercity modes (conventional and high-speed lines). With its experience in electrification, the group is also involved in energy transmission infrastructure via high- and medium-voltage transmission lines. Powerlines, which operates mainly on central European markets, is one of the sector’s main players in German-speaking countries, Scandinavia and the United Kingdom.
With this acquisition, ENGIE will be spearheading the mobility market, rolling out both major infrastructure projects (electrification and systems) and cutting-edge digital services, such as on-board mobile connectivity with its subsidiary Icomera, Operation Support and Passenger Information Systems with its Navineo module, and charging station solutions for vehicles and electric buses. Together, Powerlines and Engie Ineo, the company via which ENGIE has completed this acquisition, are shoring up their transport infrastructure expertise and will be able to support their clients as they take up their energy challenges with the help of complex offerings and integrated solutions.
By providing clean fuels (electricity, gas and hydrogen), streamlining traffic flows (through intelligent transport systems) and supporting the evolution of communities (3D modelling and urban planning), ENGIE contributes to improving the quality of life and attractiveness of cities and territories.
" With the Powerlines group, ENGIE has created an international platform for transport infrastructure projects and can provide complete, turnkey solutions (finance, design, integration and maintenance) based on an “as a service” model to reduce carbon footprints and optimise services "
Wilfrid Petrie, ENGIE’s Executive Vice President
" ENGIE and Powerlines share the vision of providing reliable and environmentally-friendly solutions for public transport and energy transmission infrastructure « as a service » for their customers. As part of the ENGIE group, Powerlines will be able to accelerate its strategic development as a system supplier in rail and energy infrastructure. The whole Powerlines team is looking forward to the new and exciting perspectives within the ENGIE group "
Gerhard Ehringer, CEO of the Powerlines Group