Cofely acquires Balfour Beatty Workplace
Cofely has completed the acquisition of Balfour Beatty’s facilities-management business Balfour Beatty WorkPlace. The acquired company will be acquired with Cofely’s existing UK business and operate under the Cofely brand. The acquisition creates an enlarged Cofely business with over 15 000 employees and a turnover approaching £1 billion a year.
The new business will operate across four key service areas — energy services, technical services, facilities management and business process outsourcing.
Wilfred Petrie, chief executive of Cofely UK, comments, ‘This acquisition creates a leading services business committed to developing innovative solutions that improve the efficiency of cities, buildings and industry.
‘It also builds on Cofely’s leading position in energy and technical services to equip us with additional capabilities for the delivery of total facilities-management services and the outsourcing of business processes. We are now better positioned to meet the evolving needs of our customers and the wider marketplace.’