Vinci Group, a world leader in concessions, energy solutions and construction sector, has announced that one of its key units, Vinci Energies, has signed an agreement to acquire Wärtsilä SAM Electronics GmbH, a company based in Hamburg in Germany. 

 

Founded in 1906, this company - a subsidiary of the Finnish group Wärtsilä Corporation - focused on technologies for energy and marine, is active in the field of electrical and automation integration for the German navy and naval shipyards in the north of the country (Hamburg, Wilhelmshaven, Elmenhorst, Bremerhaven and Kiel).

 

This acquisition will enable Vinci Energies, through its brand Actemium, to expand its range of services in the industrial sector and to strengthen its position in the German defence market by integrating the expertise of 350 new employees and an additional full-year revenue of €100 million.

 

The agreement, which is expected to be completed in the last quarter of 2025, is subject to approval from the relevant authorities.

 

In Germany, Vinci Energies operates in its four business lines – infrastructure, industry, building solutions and ICT – and employs 16,600 people in 385 sites.

 

Last year, the Vinci Group had generated a total revenue of almost €5.6 billion in Germany - its second-largest international market - including €4.1 billion in energy solutions (Vinci Energies €3.4 billion and Cobra IS €0.7 billion) and €1.4 billion for Vinci Construction.-TradeArabia News Service