ENGIE: Strategic Transformation of an Energy Conglomerate Case Solution
This is just an excerpt. This case is about STRATEGY about STRATEGY & EXECUTION
PUBLICATION DATE: September 22, 2016
In 2016, the EUR75 billion French international energy conglomerate ENGIE was enormously changing its functional and tactical essential towards sustainable energy. ENGIE had actually revealed the transformation in 2014-following a sharp drop in worldwide non-renewable fuel prices-viewing it as the start of a brand-new age in energy. The case is set in mid-2015, when leading management, persuaded that ENGIE required to develop a strong worldwide portfolio rapidly, obtained nine-year old French energy business Solairedirect for EUR200 million. ENGIE thought that purchasing the smaller sized business would bring a business owner sense and brand-new method of believing to the business. When ENGIE got Solairedirect, the solar business had actually simply experienced a not successful IPO effort. The concerns occurred as to whether a business in that circumstance was a great acquisition target; whether ENGIE paid the ideal rate for it; and how, and to exactly what degree, Solairedirect might or must be incorporated into the bigger company.
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