VINCI Energies acquires Novabase IMS
VINCI Energies acquires NOVABASE IMS, the Portuguese leader in infrastructures and managed services.
VINCI Energies has reached an agreement with Novabase to acquire its subsidiary Novabase IMS.
Novabase IMS, the Portuguese leader in infrastructures and managed services, delivers turnkey services and solutions to its clients (in the financial services, telecommunications, utilities, industrial sectors and local authorities).
The company employs 400 professionals and generated revenue of €104 million in 2015. Novabase IMS is based in Portugal and is growing its solutions and services into other European countries such as Ireland, Luxembourg and Poland, and African countries such as Angola, Ghana and Mozambique.
This acquisition, which remains subject to the approval of the Portuguese competition authority, will expand the market position of Axians, a VINCI Energies brand specialising in ICT (information and communication technologies), notably in the rapidly growing cloud computing and managed services markets. Axians currently employs 8,000 people and generates revenue of €1.7 billion in 15 countries.
“Novabase IMS expands Axians’ geographical coverage in Europe and Africa. Novabase IMS being a market leader in the Portuguese market, its acquisition represents a significant addition to Axians’ integration, cloud and managed services activities,” said VINCI Energies Chairman and Chief Executive Officer Yves Meignié.
This acquisition will take VINCI Energies’ international expansion one step further. In February 2016, VINCI Energies notably acquired J&P Richardson, a leader in the Australian electrical engineering and installation market.
Portugal is a key country for VINCI. Its subsidiary VINCI Airports acquired ANA, the company that holds the concessions for the country’s 10 airports, in 2013.