Photograph courtesy of Sistem Melesur Energía

News

Vinci makes move on Spanish electricity market with two acquisitions

3 October 2019 | By GCR Staff | 0 Comments

France’s Vinci Energies has acquired two Spanish engineering companies in a bid to become a major player in Spain’s electricity generation, transmission and distribution market.

Vinci said buying the two subsidiaries of Grupo Solar Lighting – Sistem Melesur Energía and Sistem Infraestructuras y Operaciones EPC – would give it annual revenue in Spain of nearly €430m and a staff of 3,500 people.

The two companies do engineering, installation and maintenance services for high, medium and low voltage transformer stations and power lines.

The move gives Vinci Energies new customers in large public services and the small and medium-sized enterprise sector.

Laurent Clech, managing director of Vinci Energies in Spain, said: “In recent years, Sistem has become a benchmark provider of electricity grid and substation engineering, installation and maintenance. These acquisitions will give our customers the benefit of our enhanced capabilities in these fields and our coverage of the entire country.”

Image courtesy of Sistem Melesur Energía