logo
Share SHARE
FONT-SIZE Plus   Neg

VINCI Energies Buys Alpiq's Unit - Quick Facts

VINCI Energies (VCISY.PK) has entered into a deal to acquire Swiss company Alpiq's division, Energieversorgungstechnik or EVT, that groups together its energy and telecommunications infrastructure engineering and installation activities in Germany and Central Europe. VINCI Energies, through this acquisition, strengthens its operations in its second largest market Germany.

Germany-based EVT, with 3,000 employees, has been operating in Central Europe for nearly 15 years through local subsidiaries. EVT generated revenue of 512 million euros and EBITDA of 37 million euros in 2011.

The EVT acquisition is based on an equity value of 195 million euros and estimated liabilities of 45 million euros. The transaction has been submitted for approval by the relevant competition authorities and may be finalised during the 2012 third quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT