# EDF Luminus acquires majority stake in NEWELEC

EDF Luminus acquired a majority share in NEWELEC, a Belgian electrical engineering company based in Liège. NEWELEC specializes in electricity and industrial electrical engineering and had a turnover of €19 million in 2016.

- Type: Acquisition
- Announced: 2017-06-01
- Where: Liège, Belgium
- Status: completed
- Products: electrical engineering services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [EDF Luminus](https://endata.com/companies/24648.md) (acquirer)
- [NEWELEC](https://endata.com/companies/24649.md) (target)

## Sources

- [press.luminus.be](https://press.luminus.be/edf-luminus-steps-up-its-development-in-the-field-of-energy-services-by-acquiring-a-majority-share-in-the-company-newelec-based-in-liege), 2017-06-01: "With Newelec, we will be able to help Walloon and Brussels companies to consume less energy in order to reduce their invoice and their ecological footprint."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.