Tractebel acquires majority stake in RED

Tractebel, a global engineering company and part of ENGIE, has announced its acquisition of a 70% stake in RED, an award-winning consultancy specialising in the design of innovative and low energy Mechanical, Electrical and Public Health (MEP) services for data centres and commercial and hospitality buildings. The shareholders of RED were advised during the transaction by Initium.

Headquartered in London and with international hubs in Dubai and Singapore, RED employs over 160 staff. Since its foundation in 2004, RED has delivered over 200 data centre project designs, many of them achieving new energy benchmarks. Its portfolio of premium customers includes the world’s biggest data centre operators and investment banks.

The company has an extensive list of awards, including Mission Critical Engineer of the Year, Innovative Energy-Efficient Project and MEP Innovation of the Year.