Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 96

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 96
---
 related services to the industrial and commercial markets servicing over 29,000 customers in more than 26 countries worldwide. Our scale and reputation as a leader in engineering innovation and productivity are competitive advantages in a fragmented industry. Our solutions support a wide range of global infrastructure ranging from refineries and petrochemical plants to commercial buildings, bridges, hydroelectric dams and other power facilities. A substantial portion of our services are recurring and based on the ongoing maintenance requirements of our global customers. Since acquisition, our work access services has been focused on both organic growth, as well as growth through acquisitions. The business is executing on an active acquisition pipeline and acquired eight businesses, including a multi-craft services provider, a German scaffolding services provider, residential and commercial work access providers, a specialty industrial coating contractor, a cathodic protection provider, an insulation services provider, and a commercial scaffolding provider. We have joint control over the business and have accounted for our investment as an equity accounted investment.

Industrials

Our industrials segment includes our (i) advanced energy storage operation, (ii) engineered components manufacturing operation, (iii) water and wastewater operation and (iv) other industrials operations.

The table below provides a breakdown of revenues for our industrials segment by region:

                                Year ended December 31,                                                          
  (US$ MILLIONS)                2024                                     2023                  2022              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  United States of America      $                             5,874      $          6,338         $       6,301  
  Europe                                                      3,583                 3,493                 3,197  
  Mexico                                                      1,305                 1,202       941              
  Brazil                                                      1,281                 1,561                 1,958  
  Canada                        457                                      607                    736              
  United Kingdom                316                                      342                    329              
  Australia                     128                                      134                    137              
  Other                                                       1,488                 1,524                 1,476  
  Total                         $                            14,432      $         15,201         $      15,075  

Advanced energy storage operation

Our advanced energy storage operation is a global market leader in manufacturing automotive batteries that has over 18,000 employees around the world with a footprint that consists of over 50 manufacturing, recycling and distribution centers servicing a global customer base in over