ENGIE South East Asia has announced a definitive agreement to acquire RCS Engineering Pte Ltd., a leading player in Singapore’s data centre industry specialised in delivering M&E infrastructure to large and mission-critical facilities and already exporting its services overseas.
The acquisition marks yet another significant milestone for ENGIE, expanding its operations across Asia-Pacific, as the company looks to provide sophisticated and sustainable solutions for the region's rapidly-growing digital economy including a booming development of data centres.
Data centres are heavy energy consumers and Singapore’s data centre market is expected to grow with a CAGR of 8% per year, reaching US$1 billion in revenue by 2021. With ENGIE’s mission to address the future energy challenges of its customers and be a leader in the energy transition, this acquisition positions ENGIE as a Tier I player in Singapore and Asia-Pacific, as it looks to address the energy needs of large data players, as well as telco and critical data owners.
The acquisition of RCS Engineering allows ENGIE to have a unique position within the data centre industry in Asia Pacific. It increases ENGIE’s full scope of capabilities expanding on its design and build services, facility management services, green energy supply, energy efficiency solutions, and digital support services such as Avril Digital.
ENGIE can address the needs of this industry from enterprise data centre solutions to large data centres for colocation and global digital players. The move will therefore see ENGIE strengthening its position as a key developer, investor, and operator player for large, sustainable and complex infrastructures in Asia Pacific where 60% of the worldwide infrastructure investment is expected to happen by 2025 which will drive huge energy consumption.
“ENGIE and RCS Engineering share a common vision: we thrive to provide our customers with high-value, reliable and committed energy-efficient solutions that assist them in gaining a competitive advantage,” shared Christopher Sia, Founder and Managing Director, RCS Engineering. “With ENGIE’s in-house expertise in integrated facility management services and their ability to invest along with our customers to share the same objectives on performance, we are on the right track to offer a unique value proposition to the data centre industry in Asia-Pacific as well as other complex and technology-advanced markets such as infrastructures and district cooling systems,” added Sia.
“As the region’s hotspot for digital industries and smart cities, Singapore is the ideal place for ENGIE to deliver meaningful innovative, sustainable and integrated solutions to a vast array of partners: commercial and industrial customers as well as cities,” said Pierre Cheyron, CEO of ENGIE South East Asia. He added, “With RCS Engineering’s expertise in delivering large scale and highly sophisticated infrastructure such as data centres, we are set to broaden our suite of offerings to governments, large asset owners, industrial players and all stakeholders willing to develop smart, energy-efficient and reliable solutions.”