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
Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no... GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
comments powered by Disqus
Follow RTT