VINCI Energies signs a draft agreement to acquire the Swiss company ETAVIS
26 June 2007 - Acquisitions - Switzerland
VINCI Energies recently signed a draft agreement to acquire ETAVIS, a Swiss leader in electrical installations for the service and industrial sectors, telecommunications and business communications. As a global solutions integrator, ETAVIS offers a raft of services from consulting and engineering through to implementation and maintenance.
Founded in 1987, the company, whose head office is in Zurich, posted revenue of 180 million euros in 2006 and has 1,630 employees. It is active primarily in German and Italian-speaking Switzerland through 45 business units.
This acquisition allows VINCI Energies to reinforce its European network by drawing on strong local brands. It offers new growth prospects to group business units specialising in solutions for industry (Actemium), telecommunications (Graniou) and business communications (Axians).
Since the beginning of 2007, VINCI Energies has completed 11 acquisitions representing full-year revenue of 230 million euros, primarily outside France (Germany, Portugal, the United Kingdom, Slovakia and Switzerland).
VINCI Energies posted revenue of 3.65 billion euros in 2006. It has operations in 20 European countries through a network of 750 business units and a workforce of 30,000 people.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.