VINCI acquires Orteng Engenharia e Sistemas and boosts its positions in Brazil
16 March 2015 - 8:30 am - Acquisitions - Brazil
VINCI Energies has finalised the acquisition in Brazil of the Orteng Engenharia e Sistemas S.A. company headquartered in Belo Horizonte, Minas Gerais.
Founded in 1977, Orteng designs, builds and maintains electrical equipment, PLCs and turnkey solutions, primarily for the energy, manufacturing and infrastructure sectors.
With this acquisition, VINCI Energies boosts its positions in the Brazilian market and becomes a leader in services for the manufacturing, energy and transport infrastructure sectors. VINCI Energies is expected to generate annual revenue of around €170 million in Brazil.
VINCI Energies, one of VINCI's three business lines of its Contracting business, operates in about 50 countries, including some 30 countries outside Europe. It has 63,000 employees and generated €9.3 billion revenue in 2014. With its close-knit network of 1,500 business units, VINCI Energies is now a leading player in energy and information technology services in Europe and around the world.
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.