Companies

CEGELEC

Created in 1913

Cegelec's history is closely linked to the development of the electricity and energy sectors in France and Europe. It has its roots in the creation of the French CGEE (Compagnie Générale d'Entreprises Electriques) in 1913. From success to expansion, the company has become an international group providing technological services to companies and public authorities.  
 
 
1913 
Creation of the CGEE, holding of electrical companies, in order to install and build electricity networks, lines, substations and power plants necessary for France's electrification. 
 
1971 Formation of CGEE Alsthom, after the takeover in 1967 of the SGE (Public works and civil engineering, construction, industrial works, electricity services). This was Europe's largest electrical engineering company, with 13,000 employees and sales of almost one billion French francs. 
 
1989 
GEC (General Electric Company) acquired a 24,50% stake in CGEE Alsthom and transferred its industrial control businesses to this company. CGEE Alsthom changed its name to Cegelec. 
 
1998/2000 
Cegelec was bought by Alstom and became afterwards Alstom Contracting. 
 
2001
Alstom Contracting was acquired by its managers and employees in a LMBO (leverage management buy-out) with the backing of financial institutions and was renamed Cegelec. A second LMBO took place in 2006. 
 
2008
Qatari Diar, a global actor in Real Estate Development and Investment, a wholly-owned subsidiary of the Qatar Investment Authority, acquired Cegelec. 
 
14 April 2010
  Entry into force of the strategic partnership between Qatari Diar and VINCI. Cegelec becomes a wholly-owned VINCI subsidiary.