VINCI Energies has reached an agreement with Imtech to acquire Imtech ICT
26 August 2014 - 8:34 am - Acquisitions
VINCI Energies today reached an agreement with Imtech to acquire the latter's information and communication technologies division, Imtech ICT.
The division generates annual revenue of about €740 million in the Benelux countries, Germany, Austria, Sweden and the United Kingdom.
The acquisition of Imtech ICT, which remains subject to competition clearance and customary closing conditions, would significantly broaden VINCI Energies' range of telecommunications products and services and its positions in that sector. The transaction would raise VINCI Energies' volume of activity in the telecommunications field to €1.6 billion, i.e. more than 15% of its consolidated revenue, and give it comprehensive, consistent coverage, particularly in the most buoyant segments, across the entire telecommunications market, from the operator to the user and from infrastructure to the Cloud and the Data Centers.
Operating in about 50 countries, including some 30 outside Europe, VINCI Energies generated revenue of €9.25 billion in 2013 and employs 63,000 people. Thanks to its close-knit network of 1,500 business units, VINCI's Energy business line is now a leading provider of energy and information technology services in Europe and throughout the world.
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.