Powerlines

Engie, through its subsidiary Engie Ineo, has reached an agreement to acquire Austrian railway electrification company Powerlines Group from private equity firm Glide Buy Out Partners. The acquisition is subject to approval by European competition authorities.

Engie, through its subsidiary ENGIE Ineo, signed an agreement to acquire Powerlines, a European provider of electrification systems for public transport. The acquisition was announced on July 31, 2019.