France's Engie moves in Brazil into street lighting and beyond power generation
Petroleumworld 29 10 2018
France's Engie SA has acquired Brazilian lighting company Sadenco, expanding its reach into lighting streets and other public spaces in the country and beyond electricity generation, Engie executives told Reuters on Friday.
The company did not disclose the value of the transaction. Engie is Brazil's largest private electrical generation company, although it competes with state-owned companies such as Centrais Eletricas Brasileiras.
Sadenco lights public spaces in several Brazilian states, mostly in the country's south, but it does not provide services for Brazil's largest urban centers. Its biggest market is the city of Porto Alegre, with a population of about 1.4 million people.
For Engie, the possibility to use public lighting as a gateway to providing other services is particularly appealing, the company said.
“A lightning network is like the nervous system of a city, said Mauricio Bahr, chief executive of Engie Brasil, in a statement. “With it, it is possible to add other solutions, such as security cameras, internet services, among others.” )
Story by Luciano Costa; writing by Marcelo Rochabrun; Editing by Bernadette Baum from Reuters.
reuters.com 10 26 2018
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