TotalEnergies Sells GreenFlex to Oteis to Refocus on Core Energy Operations

TotalEnergies has agreed to sell its sustainable consultancy and solutions unit, GreenFlex, to French engineering and consulting firm Oteis, in a move that underscores the oil major’s strategy to streamline its business around energy production and supply. The deal will transfer GreenFlex - an affiliate specializing in environmental consulting, energy efficiency, and transition financing - to Oteis, which plans to use the acquisition to create a leading full-service player in sustainability and infrastruc ...