Plan’s services include mechanical and electrical contracting, maintenance and technical services, building automation systems and network infrastructure. The company is based in Toronto and also has bases in Ottawa, Montreal and Vancouver. Its turnover was CA$361m (£196m) in 2013 and it has about 1,700 employees.
The acquisition, which is subject to the approval of the local competition bureau, is in line with Bouygues Construction’s ambition to continue its development in Canada across all aspects of the construction value chain.
Jean-Philippe Trin, Chairman and CEO of Bouygues Energies & Services, said: “Canada currently offers high-yield short-term and long-term economic opportunities. beyond facilities management and mechanical and electrical engineering, we would like to take advantage of the excellent positioning of Plan Group in order to deploy our expertise in terms of HVAC, network infrastructures (HV lines, substations, street lighting, broadband), solar and biomass power plants...”
After financial close, Bouygues Energies & Services will acquire 85% of the shares of Plan Group. The current management team will remain unchanged and will retain a 15% shareholding.