Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun May 27 2018

Related Information
Related Information
Related Information

News » International » Vinci buys energy and telecoms business » published 27 Apr 2012

Vinci buys energy and telecoms business

Vinci Energies has reached an agreement with Swiss company Alpiq to acquire its Energieversorgungstechnik (EVT) division.

EVT groups together energy and telecommunications infrastructure engineering and installation activities in Germany and Central Europe. It offers services including engineering, planning, construction and maintenance for power transmission and distribution operators, telecoms infrastructure operators and industry.

EVT is based in Germany and has been operating in Central Europe for about 15 years through local subsidiaries. It has some 3,000 employees, and generated revenue of €512m (£124m) in 2011 and earnings before interest, taxes, depreciation, and amortisation of €37m.

Germany is already Vinci Energies’ second largest market, where it generated 2011 revenue of €1.2bn. 

The EVT acquisition is based on an equity value of €195m and estimated liabilities of €45m for pension fund and minority interests. The transaction has been submitted for approval by the relevant competition authorities and is expected to be finalised during the third quarter of 2012.


Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 27 Apr 2012 (last updated on 27 Apr 2012).

More News Channels