Sofregaz SA

Written By Tania Arwachan
Sofregaz SA

  • Sofregaz is a 70 years old French engineering company specialized in Oil & Gas engineering

  • Valquest acquired the assets of Sofregaz from Maire Tecnimont to capture business from MENA (mainly Iraq)

  • The drop of Oil price and the instability of Iraq forced a severe restructuring, turnaround and repositioning of the business around LNG

  • The company turned a positive EBITDA in Q3 2016. Valquest considerably reduced its ownership stake in the company in Q1 2018 and fully exited in Q4 2023

Tania Arwachan https://www.scopeateliers.com
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