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Vinci to acquire Electrix

Vinci Energies has reached an agreement to acquire Electrix from McConnell Dowell, a subsidiary of South African group Aveng.

Electrix was originally based in New Zealand and has been developing in Australia during recent years. It is principally active in the very-high- to low-voltage electricity network installation and maintenance market, and in industrial and commercial markets.

Electrix generated revenue in the vicinity of €280 million in 2013 and employs approximately 2,000 people.

This acquisition, which should be finalised during the next two months, is a new milestone in Vinci Energies' expansion outside Europe and provides a solid base for its future development in Oceania in general and Australia in particular.



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