VINCI Energies has reached an agreement to acquire Electrix from McConnell Dowell, a subsidiary of South African group Aveng.
The transaction remains subject to standard completion conditions but is expected to be finalised by 31 October 2014.
VINCI Energies, is a French business with a turnover of €9.25 billion, operating in about 50 countries including some 30 outside Europe. The business has a strong focus on combining global expertise with local service.
Gavan Jackson, Managing Director of Electrix, said:
“VINCI Energies provides services to many of the same markets as Electrix and will add significant value to Electrix and our major customers."
VINCI Energies uses a decentralised business model and we believe our customers will continue to benefit from Electrix operating autonomously and maintaining our ability to be responsive to our customers’ needs.
The Electrix and VINCI Energies culture and values are very much aligned with a strong commitment to health and safety and customer service. We shall continue to operate under the Electrix brand with the benefit of a new owner who is committed to supporting and growing the Electrix business.”
More information on VINCI Energies can be found at:
For more information please contact Electrix on +64 9 270 1700 or via email