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TGCC Boosts Vertical Integration by Acquiring 51% of SAFETTRAS
Travaux Généraux de Construction de Casablanca (TGCC) announced the signing of an agreement to acquire a 51 % stake in Safettras, the African Society for Studies and Special Works. The move is a cornerstone of TGCC’s vertical‑integration strategy, designed to enrich its portfolio with high‑value technical expertise, improve operational performance and accelerate growth across Morocco, Africa and the Middle East. Safettras, a specialist in deep foundations, retaining structures, soil improvement and advanced geotechnical work, brings proven capabilities on complex, strategic projects. The acquisition is expected to give TGCC greater control over critical project stages, generate synergies, and enable the group to offer comprehensive construction solutions that meet the market’s highest standards.
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Deal Overview
Travaux Généraux de Construction de Casablanca (TGCC) confirmed today that it will purchase a 51 % stake in Safettras, the African Society for Studies and Special Works. The transaction forms part of TGCC’s vertical‑integration strategy aimed at bringing high‑value‑added capabilities in‑house, sharpening operational performance and supporting expansion across Morocco, Africa and the Middle East.
About Safetras
Safettras is a recognised specialist in deep foundations, retaining structures, soil improvement and advanced geotechnical works. Its proven technical know‑how on complex, strategic projects complements TGCC’s existing portfolio and widens the group’s ability to cover the full construction value chain.
Governance and Continuity
The existing shareholders will retain the remaining 49 % of Safettras and will continue to run the company’s day‑to‑day management, ensuring continuity of expertise and aligning with the growth ambitions of the business.
Strategic Benefits
- Greater control over critical project phases;
- Operational synergies and cost efficiencies;
- Ability to offer end‑to‑end solutions that meet the market’s highest standards.
The enterprise value of Safettras is estimated at MAD 115 million. The closing of the deal is targeted for Q3 2026, subject to customary closing conditions, including approval from the Moroccan Competition Council.