Construction News

Fri March 29 2024

Related Information

Vinci buys Australian contractor

9 Feb 16 Vinci Energies has bought Australian electrical contracting and engineering business J&P Richardson.

The Queensland-based company, which was founded in 1958 by Joe and Patricia Richardson, employs 500 people and generates annual revenue of about AU$130m (£100m).

It specialises in the engineering, installation and maintenance of electricity networks, water utilities, telecommunications and industrial processes.

Vinci Energies was already active in Australia; as of the end of last year it employed 500 people there, generating about AU$140m revenue.

The purchase of J&P Richardson follows the recent acquisition of the HEB Construction and Electrix companies in New Zealand, in line with Vinci's strategy of expanding in countries with high economic growth rates.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »