Total buys Lampiris, Belgian supplier of "green" electricity
published: 14/06/16, 21:38
It concerns 850 000 Belgians:
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Total buys Lampiris and goes one step further in green electricity
Ludovic Dupin Factory New the 14 / 06 / 2016
Total seizes the Belgian seller of green electricity Lampiris. An acquisition which is part of the creation of the new "Gas, renewables and electricity" branch, announced last April.
When Total announces a new strategy focused on electricity and renewable energy, it does not do things by halves. The French oil company has formalized, Tuesday 14 June, the acquisition of Lampiris, third supplier of the Belgian residential market of natural gas and green electricity, actor also present in France.
According to the Belgian press, the case would amount to between 150 and 200 million euros. "This acquisition will have no impact on the customers and suppliers of the two companies. Their contracts will remain unchanged. It will not result in any job cuts," Total said in a statement.
A branch dedicated to renewable
This acquisition is part of the creation of the new branch called "Gas, renewables and electricity", announced last April. "The group's vocation is to produce and sell electricity from renewable sources. Because electricity will be the energy of the 21st century and the development of gas and renewables pushes us to comprehensively understand the electricity chain" , assures CEO Patrick Pouyanné. Other acquisitions are to be expected after that of Lampiris since the group aims to be in the next 20 years "in the top 3 of solar energy".
In May, the group already announced the acquisition of the French battery manufacturer Saft for 1 billion euros. "The acquisition of Saft is fully in line with Total's ambition to develop in the fields of renewable energies and electricity", explained the big boss. Since 2011, Total has also owned one of the world leaders in photovoltaic panels, the American Sunpower.
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Lampiris, which claims 100% "green" electricity and also offers energy services (insulation, maintenance of boilers, etc.), counted 2016 start a little more than a million customers in total, including 200.000 in France and 850.000 in Belgium, where the company is the third largest electricity and gas supplier on the residential market behind two other French energy companies, Electrabel (Engie) and EDF Luminus.
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