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VINCI Acquires Vasundara and Establishes a Presence in the Indian Industrial Automation Market - VINCI Energies has signed a contract to acquire Vasundara. The Indian company was founded in 1999 and is based in Bangalore, with additional locations in Chennai and Hyderabad and subsidiaries in the United Arab Emirates and Malaysia - VINCI.com
VINCI Acquires Vasundara and Establishes a Presence in the Indian Industrial Automation Market

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts de Seine, France, 2012/09/20 - VINCI Energies has signed a contract to acquire Vasundara. The Indian company was founded in 1999 and is based in Bangalore, with additional locations in Chennai and Hyderabad and subsidiaries in the United Arab Emirates and Malaysia - VINCI.com. CAC 40; Euronext 100

   
 
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Vasundara is positioned in engineering. It brings together two activities: Vasundara Automation & Engineering Services (VAES), specialising in industrial automation, and Vasundara Manufacturing Systems (VMS), delivering mechanical solutions and robotics.

The company has a workforce of about 160 employees and expects to generate revenue of about €7 million in 2012.

With this acquisition, VINCI Energies establishes a presence in the Indian market and extends its "industry network" to a high-growth region with strong demand in such sectors as energy, materials and health care.

VINCI Energies (vinci.com) is one of the VINCI Group's five business lines. It operates in 40 countries with a workforce of 60,000 employees and generated revenue of €8.7 billion in 2011. VINCI Energies is a leader in France and a major player in Europe in energy and information technology services.

 
 
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VINCI Acquires Vasundara and Establishes a Presence in the Indian Industrial Automation Market

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VINCI |
Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

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