OREANDA-NEWS. VINCI Energies, the VINCI subsidiary specialising in energy and information and communication technology services, has reached an agreement with EITECH shareholders to acquire this company, covering acquisition of all the shares.

Founded in 1994 by Rolf Tannergard, EITECH is today one of the leading specialists in electrical works and engineering for industry, infrastructures and buildings in Sweden. The company delivers complete projects and solutions to ongoing maintenance services within electrical installations and engineering. Employing 1,200 people, it generated revenue of €200 million in 2016. EITECH benefits from a strong local presence with 26 locations, from Malme in the south to Kiruna in the north.

After the acquisition of Infratek, announced last week, this operation will boost the position of VINCI Energies in Scandinavia: with more than 3,500 employees and a turnover above €650 million, VINCI Energies becomes a major player in this dynamic area. This acquisition is subject to the approval of the Swedish competition authority.

Since the beginning of 2017, VINCI Energies has acquired 24 companies, representing around €1.1 billion of full year revenue.

In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition.

VINCI is a global player in concessions and construction, employing more than 183,000 people in some 100 countries. 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.