Moroccan construction group TGCC has agreed to buy a 51% stake in Safettras, a company that specialises in foundation and geotechnical works.
The move is part of TGCC’s plan to bring more specialised services into the group as it expands its business in Morocco, Africa and the Middle East.
Safettras works on deep foundations, retaining structures, soil improvement and other technical ground engineering projects. TGCC said the deal would strengthen its ability to handle more stages of a construction project in-house.
The current owners of Safettras will keep the remaining 49% stake and will continue running the company.
TGCC would help maintain management continuity while preserving the expertise that has helped Safettras build its reputation in the market.
The company added that the acquisition would improve coordination across projects, create operational synergies and allow it to offer clients a wider range of services through a single group.
Safettras has an enterprise value of 115 million dirhams.
The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary conditions, including clearance from Morocco’s Competition Council.
