BUTEC Group Completes Takeover of Société des Eaux de Marseille’s Moroccan Businesses

BUTEC Group, a regional leader in the environment, energy and industrial construction sectors in the Middle East and North Africa, has completed the takeover of the full range of Moroccan businesses of the Société des Eaux de Marseille (SEM), a subsidiary of Veolia Group, by repurchasing the shares of Eaux de Marseille – Maroc (EMM) on January 17, 2024.

EMM caters to a large base of public and private sector customers, in the areas of water, sanitation and customer relations.

The acquisition of EMM aligns with BUTEC Group’s growth strategy in Africa and the Middle East by combining businesses that are essential for the preservation of the environment through the rationalizing of water and energy resources. It follows the most recent acquisition by BUTEC Group of “Energy Services” businesses of ENGIE Group in Africa, which is also the operator of a proactive energy leak detection and repair project in Lebanon on a network serving nearly 2 million consumers.

Through this operation, the Group is keen to enhance and upgrade its skills in the management of essential services, more particularly in aspects relating to the optimization of water resources and reduction of water stress.

Ziad Younès, Chairman, BUTEC Group