VINCI Energies acquires Acuntia, a leading Spanish information and communication technology company
5 July 2017 - 5:45 pm - Acquisitions - Spain
VINCI Energies, the VINCI subsidiary specialising in energy and information and communication technology services (ICT), has reached an agreement with the GPF Capital* investment fund to acquire the Acuntia company. The agreement covers acquisition of 85% of the shares, the 15% left remaining in the hands of the senior executives of the company.
Acuntia is a leading provider of ICT solutions and services for companies, telecommunication operators and public organisations that wish to deploy solutions that are long lasting and can adapt to their businesses. It employs 340 people and generated revenue of €90 million in 2016. The company carries out most of its business activities in Spain and also provides solutions and services in several countries in the Americas, Europe, Asia and Africa.
This acquisition, remaining subject to approval by the Spanish competition authority, will boost the position of Axians, the VINCI Energies brand dedicated to ICT. In Spain, Axians specialises in telecommunication infrastructures for network (Red Eléctrica España, Endesa, etc.) and data transmission operators (Vodafone, Orange).
VINCI Energies Chairman and Chief Executive Officer Yves Meignié said "Following the acquisition of ASAS Systems, leader in handling systems, in May of this year, VINCI Energies is continuing to consolidate its operations in Spain by diversifying its activity sectors and seeking further synergies, particularly in the fields of smart grids and smart cities."
Following the recent acquisitions of Novabase IMS, the Portuguese leader in infrastructure and managed services, and J&P Richardson, a leading Australian electrical contracting and engineering company, this further acquisition participates in VINCI Energies' strong international expansion.
About VINCI Energies
In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.
2016: €10.2 billion revenue // 64,500 employees // 1,600 business units // 52 countries
*GPF Capital is an independent venture capital firm that currently manages a fund of more than €100 million provided by private investors in Spain and in 11 Latin American countries. It operates in the so-called "lower mid-cap" Spanish segment, investing between €10 million and €20 million in equity capital per operation to support the best management teams in companies with EBITDA above €3 million and clear opportunities for growth.
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.