VINCI acquires Vasundara and establishes a presence in the Indian industrial automation market
20 September 2012 - Acquisitions - India
VINCI Energies has signed a contract to acquire Vasundara. The Indian company was founded in 1999 and is based in Bangalore, with additional locations in Chennai and Hyderabad and subsidiaries in the United Arab Emirates and Malaysia. Vasundara is positioned in engineering. It brings together two activities: Vasundara Automation & Engineering Services (VAES), specialising in industrial automation, and Vasundara Manufacturing Systems (VMS), delivering mechanical solutions and robotics.
The company has a workforce of about 160 employees and expects to generate revenue of about €7 million in 2012.
With this acquisition, VINCI Energies establishes a presence in the Indian market and extends its "industry network" to a high-growth region with strong demand in such sectors as energy, materials and health care.
VINCI Energies is one of the VINCI Group's five business lines. It operates in 40 countries with a workforce of 60,000 employees and generated revenue of €8.7 billion in 2011. VINCI Energies is a leader in France and a major player in Europe in energy and information technology services.
VINCI is a global player in concessions and contracting, employing more than 222,000 peoplein nearly 120 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.