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VINCI Has Reached an Agreement with McConnell Dowell (Aveng Group) to Acquire Electrix - VINCI Energies has reached an agreement today to acquire Electrix from McConnell Dowell, a subsidiary of South African group Aveng - VINCI.com
VINCI Has Reached an Agreement with McConnell Dowell (Aveng Group) to Acquire Electrix

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, United States, 2014/09/19 - VINCI Energies has reached an agreement today to acquire Electrix from McConnell Dowell, a subsidiary of South African group Aveng - VINCI.com. CAC 40; Euronext 100

   
 
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Electrix was originally based in New Zealand and has been developing in Australia during recent years. It is principally active in the very-high- to low-voltage electricity network installation and maintenance market, and in industrial and commercial markets.

Electrix generated revenue in the vicinity of €280 million in 2013 and employs approximately 2,000 people.

This acquisition, which should be finalised during the next two months, is a new milestone in VINCI Energies’ expansion outside Europe and provides a solid base for its future development in Oceania in general and Australia in particular.

Operating in about 50 countries, including some 30 outside Europe, VINCI Energies generated revenue of €9.25 billion in 2013 and employs 63,000 people. Thanks to its close-knit network of 1,500 business units, VINCI's Energy business line is now a leading provider of energy and information technology services.

About VINCI

VINCI (vinci.com) is a global player in concessions and construction, employing close to 191,000 people in some 100 countries and generating 2013 revenue of €40.3 billion. 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 build long-term value in this way for its customers, shareholders, partners and employees, and for society at large.

 
 
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VINCI Has Reached an Agreement with McConnell Dowell (Aveng Group) to Acquire Electrix

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VINCI | Electrix
Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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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