TotalEnergies Divests GreenFlex to Oteis, Strengthening Focus on Core Energy Business
TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) has announced the sale of its sustainable consultancy and solutions affiliate GreenFlex to the French consulting and engineering firm Oteis, a strategic move that aligns with TotalEnergies’ long-term goal to streamline its business portfolio and focus on its core mission — energy production and supply. This transaction underscores the company’s broader transformation toward becoming a multi-energy enterprise focused on low-carbon, reliable, and efficient energy solutions.
Founded in 2009, GreenFlex has become a recognized player in sustainability consulting, supporting businesses and territories in accelerating their ecological and energy transitions. Its services range from advising on corporate sustainability strategies to implementing energy efficiency measures and financing decarbonization projects. By transferring GreenFlex to Oteis, TotalEnergies aims to ensure the continued growth and specialization of this business in a structure more dedicated to consultancy and engineering services, while maintaining a strong collaboration through commercial agreements.
Oteis: Expanding Its Reach and Capabilities
Oteis Conseil & Ingénierie is a well-established independent French group employing more than 800 professionals across approximately 30 agencies in France and Europe. The firm’s core expertise spans several key sectors, including construction, infrastructure, industry, water, and territorial development. Over the past few years, Oteis has demonstrated a remarkable ability to integrate new teams and strengthen its capabilities through strategic acquisitions. The addition of GreenFlex represents one of the most significant steps in its growth journey.
Through this acquisition, Oteis seeks to leverage GreenFlex’s well-established reputation and deep technical know-how in environmental and social consulting, low-carbon energy transition, and sustainability performance. The merger is expected to create a leading player in sustainable consulting and solutions, offering end-to-end services that combine strategic advisory, engineering design, and operational support. This new entity will have the capacity to assist organizations and local authorities in addressing pressing challenges related to climate change, decarbonization, circular economy, and energy management.
Strategic Synergies and Shared Vision
The transaction between TotalEnergies and Oteis is built upon shared objectives: advancing sustainability, promoting efficient resource use, and supporting energy transition across industries. For Oteis, acquiring GreenFlex offers a chance to expand its influence into the sustainability consulting domain, thereby complementing its existing engineering services with a forward-looking environmental and social dimension.
GreenFlex’s integration will not only strengthen Oteis’ technical capacity but also enable it to offer a comprehensive suite of services—from strategic carbon assessments and ESG planning to operational implementation of decarbonization projects. This synergy will make the combined organization an attractive partner for companies and governments navigating the complexities of sustainability transitions.
Benefits for GreenFlex and Its Teams
For GreenFlex and its workforce, this divestment marks a new chapter of opportunity and growth. As part of Oteis, GreenFlex will gain access to new markets and client networks, expanding its ability to deliver impact-driven sustainability projects across Europe. The company’s teams will continue their mission to help businesses reduce carbon emissions, enhance energy efficiency, and achieve environmental compliance while benefiting from Oteis’ strong engineering backbone and project management capabilities.
GreenFlex’s leadership and employees have expressed optimism about joining Oteis, viewing the move as a chance to broaden their scope of influence and accelerate the adoption of sustainable practices in industries beyond their current reach. Together, the two companies are expected to create a unified platform capable of offering both strategic guidance and technical execution, a rare combination in the sustainability services market.
Continued Partnership with TotalEnergies
Even after the sale, TotalEnergies will remain an important client of GreenFlex. As part of the agreement, TotalEnergies has signed a contract with GreenFlex for the production of French Energy Saving Certificates (Certificats d’Économies d’Énergie – CEE). These certificates form a crucial component of France’s energy efficiency framework, requiring energy suppliers to promote and implement measures that reduce energy consumption.
By continuing to work with GreenFlex, TotalEnergies ensures continuity in its sustainability initiatives while maintaining its focus on core energy production, distribution, and low-carbon innovation. The collaboration demonstrates TotalEnergies’ commitment to meeting its own environmental targets while empowering partners like Oteis and GreenFlex to lead in their respective domains.
Regulatory and Procedural Steps
The completion of the transaction is subject to standard regulatory procedures, including the consultation of employee representatives and the authorization of competition authorities. Both companies have expressed confidence that these steps will proceed smoothly, allowing the integration process to begin in due course.
Once finalized, the acquisition will formally establish a major new force in the sustainable consultancy and engineering landscape of Europe, combining Oteis’ multidisciplinary technical expertise with GreenFlex’s sustainability-driven innovation.
A Milestone in TotalEnergies’ Strategic Realignment
This divestment forms part of TotalEnergies’ broader strategy to optimize its portfolio and focus on areas that align most closely with its multi-energy ambition—including natural gas, renewable power, biofuels, and hydrogen. The company has been progressively streamlining its non-core activities, channeling investments toward energy systems that are low-carbon, scalable, and future-ready.
By transferring GreenFlex to an organization dedicated to consultancy and engineering, TotalEnergies ensures that the affiliate continues to thrive under a structure better suited to its operational nature, while the parent company remains centered on energy transition through production, innovation, and infrastructure development.
