VINCI has reached an agreement with McConnell Dowell to acquire Electrix
VINCI Energies has reached an agreement on September 19th 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.