VINCI finalises the acquisition of Imtech ICT and Electrix
31 October 2014 - 5:40 pm - Acquisitions - Australia
VINCI Energies has finalised the acquisition of Imtech ICT, the information and communication technologies division of Imtech, as well as the acquisition of the Electrix company from McConnell Dowell, a subsidiary of South African group Aveng.
The acquisition of Imtech ICT, which generates annual revenue of about €740 million in the Benelux countries, Germany, Austria, Sweden and the United Kingdom, substantially broadens VINCI Energies' range of telecommunications products and services as well as its positions in that sector. The transaction raises VINCI Energies' volume of activity in the telecommunications field to €1.6 billion, i.e. more than 15% of its consolidated revenue, and gives it comprehensive, consistent coverage, particularly in the most buoyant sectors, across the entire telecommunications market, from the operator to the user and from infrastructure to the Cloud and the Data Centers.
Electrix, which generated revenue of about €280 million in 2013, is positioned mainly in the market for implementation and maintenance of very high to low voltage electricity grids, as well as in industry and the service sector. The acquisition is a new milestone in VINCI Energies' expansion outside Europe and provides a solid base for its future development in Oceania in general and Australia in particular.
Operating in about 50 countries, including some 30 outside Europe, VINCI Energies generated revenue or €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.
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.