Tractebel acquires majority stake in low-energy design consultancy RED
Tractebel, a global engineering company and part of ENGIE, has announced its acquisition of a 70 percent stake in RED, an award-winning consultancy specialising in the design of innovative and low energy Mechanical, Electrical and Public Health (MEP) services for data centres and commercial and hospitality buildings. The shareholders of RED were advised during the transaction by BCMS.
Headquartered in London and with international hubs in Dubai and Singapore, RED employs over 160 staff, and posted £11.9m revenues in 2015.
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