Vinci Energies Acquires Infratek and Horlemann

By Nathan AllenFeaturesDow Jones Newswires

France's Vinci SA (DG.FR) said Wednesday that its energy subsidiary has agreed to buy Infratek and Horlemann, two electrical grid engineering companies, for an undisclosed sum.

Norway-based Infratek ASA (INFRTK.YY) supplies national and local grid operators in the Nordic region with lighting and railway systems, while Germany's Horleman provides engineering, construction and maintenance services in its home country, Vinci said.

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The two companies generated combined revenues of around EUR400 million ($465.6 million) in 2016, according to Vinci.

The Infratek deal is subject to approval from Norwegian and Swedish antitrust authorities. The Horlemann deal is subject to approval from German competition authorities, Vinci said.

"With these two new acquisitions, Vinci Energies is continuing to extend and consolidate its operations in Northern Europe, particularly in Norway and in Finland where we had no former location," said CEO Yves Meignie.

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(END) Dow Jones Newswires

November 01, 2017 13:18 ET (17:18 GMT)