VINCI Energies acquires J&P Richardson, a leading Australian electrical contracting and engineering company
8 February 2016 - 8:30 am - Acquisitions - Australia
VINCI Energies, the VINCI subsidiary specialising in energy services and ICT, has just finalised the acquisition of J&P Richardson Industries Pty Limited, based in Wacol, Queensland (north-eastern Australia).
Founded in 1958 by Joe and Patricia Richardson, the company, a leader in its markets, employs 500 people and generates annual revenue of about AU$130 million (€85 million). It specialises in engineering, installation and maintenance of Electricity Networks, Water Utilities, Telecommunications and Industrial processes.
With J&P Richardson Industries Pty Limited, VINCI Energies boosts its positions in the Australian energy and transport infrastructure services market. At the end of 2015, VINCI Energies employed 500 people and generated around AU$140 million revenue (€90 million) in Australia.
Following the recent acquisition of the HEB Construction and Electrix companies in New Zealand, this further move confirms the VINCI Group’s momentum in Oceania and more broadly exemplifies its expansion strategy in countries with high economic growth rates.
About VINCI Energies
Operating in 50 countries, including 30 outside Europe, VINCI Energies employs 65,000 people and generated revenues of €10 billion in 2015. With its close-knit network of 1,500 business units, VINCI Energies 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.