VINCI Energies signed an agreement with Imtech to acquire its information and communication technologies division, Imtech ICT.
The Imtech ICT division generates annual revenue of about EUR 740m in the Benelux countries, Germany, Austria, Sweden and the United Kingdom.
The acquisition of Imtech ICT, which remains subject to competition clearance and customary closing conditions, would significantly broaden VINCI Energies’ range of telecommunications products and services and its positions in that sector. The transaction would raise VINCI Energies’ volume of activity in the telecommunications field to EUR 1.6bn, i.e. more than 15% of its consolidated revenue, and give it comprehensive, consistent coverage, particularly in the most buoyant segments, across the entire telecommunications market, from the operator to the user and from infrastructure to the Cloud and the Data Centres.
Operating in about 50 countries, including some 30 outside Europe, VINCI Energies generated revenue of EUR 9.25bn 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 in Europe and throughout the world.