This Research Note examines Equans, a €18.8 billion business unit of Bouyges group, which offers a wide range of multi-technical services that contribute to increasing the overall performance of buildings. We review the Bouyges acquisition details, the services portfolio, and the geographic footprint of the business before highlighting recent Digital activities, partnerships, and investments in the smart buildings space. Equans Profile Globally, Equans is a major player in the energy services sector, with operations in 20 countries, 90,000 employees working on 5 continents, and sales of €18.8 billion in 2023. With a long history as part of GDF Suez and Engie, Equans, formerly Cofely, has operated previously under multiple brands providing energy efficiency and sustainability services, energy performance contracting, monitoring and optimization, and technical installation and maintenance services. The business unit combines expertise in HVAC, refrigeration, fire safety, facility management, digital and ICT, electrical engineering, mechanical engineering and robotics. Acquisition by Bouygues Equans was acquired […]