twitteryou tubefacebookacp

ENGIE joins Dubai?s ALEC as major shareholders of Smart4Power

Smart4Power was one of the first companies accredited as ESCO. (Image source: BASF/Flickr)

French energy and services group ENGIE has acquired a significant stake of Smart4Power joining Dubai-based engineering and contracting company ALEC as the major shareholders of the company

The agreement was signed on 25 June in Dubai, UAE.

Dubai-based Smart4Power (S4P) was one of the first accredited independent energy services company (ESCO) in the UAE that provides energy saving solutions for existing buildings in the public and private sectors.

Hercu Viljoen, managing director of the Related Businesses for ALEC, said, ?Collaboration in our industry is becoming increasingly important. We want to combine our expertise and skills with like-minded and leading companies in our industry to find win-win products and supply quicker and more powerful solutions to our clients. We look forward to working closely with ENGIE in order to strengthen the Smart4Power offering in the GCC region.?

S?bastien Arbola, CEO of ENGIE Middle East, South & Central Asia and Turkey (MESCAT) commented, ?ENGIE is implementing worldwide a broad range of business-to-business and multi-technical energy services for industrial, commercial and residential buildings. Through this acquisition, ENGIE is willing to play a leading role in the Middle-East in the field of building energy efficiency services?.

?Having ENGIE and ALEC as major shareholders of the company is a privilege and fantastic news to fulfil our growth plans and continue delivering world-class energy efficiency services to our clients. The fact that ENGIE and ALEC, referent players in their respective markets (energy and construction business) have decided to invest in S4P shows also the increasing importance of the energy efficiency market in the region,? concluded Jes?s Guti?rrez, co-managing director of Smart4Power.

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

Etihad Rail routinely conducts environmental impact assessments. (Image source: Etihad Rail)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

Special belt covers guarantee an effective reduction in dust. (Image source: Wirtgen Group)

Daryl Wake, business development manager, DEKRA

Schneider Electric will also provide ongoing energy management consultancy and power systems engineering expertise. (Image source: Schneider Electric)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

The villa has an overall built-up area of 300 sqm. (Image source: 3DXB)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

The UAE’s construction market was valued at US$94bn in 2023. (Image source: Peikko Gulf)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The plant will add 80MW of power generation capacity from a non-fossil fuel source. (Image source: ALEC)

UL Solutions launches HOMER Front 1.0, enhancing energy storage system design with advanced forecasting capabilities. (Image source: UL Solutions)

SSAB will begin deliveries of the new products in 2026. (Image source: Manitou Group)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

DNV's survey unveils energy sector optimism amid challenges, with political uncertainty looming. (Image source: Adobe Stock)

An example of the kanban method deployed at Staytite. (Image source: Staytite)

Markus Oberlin, CEO of Farnek. (Image source: Farnek)

Erich Kaltmann, managing director of Mosdorfer GmbH. (Image source: Mosdorfer)

The emphasis is on constantly optimising value creation processes. (Image source: Rittal)

With RFID, assets can be given unique digital identities that enable you to identify and locate them all at once, from a distance, in real time.

The ground-breaking product on display is the FLIR Si2-Pro, an industrial acoustic imaging camera for partial discharge detection, pressurised leak detection and mechanical fault detection. (Image source: Teledyne FLIR)

The four-point track system is available globally on four boom lifts up to 80 ft / 24 m class. (Image source: Genie)

Etihad Rail routinely conducts environmental impact assessments. (Image source: Etihad Rail)

The UAE’s construction market was valued at US$94bn in 2023. (Image source: Peikko Gulf)

David Mooney, vice president and MENA lead at Efficio. (Image source: Efficio)