After announcing the agreement on 1 April 2021, VINCI’s acquisition of ACS’s energy business has been completed. The acquisition covers- Most of the contracting business of the ACS Industrial Services division- 9 greenfield concession1 projects under development or construction, mainly electrical transmission networks in Latin America- The renewable energy project development platformThis is a major milestone in VINCI’s strategy of creating a global leader in engineering, works and services focused on the energy sector, and of developing renewable energy concession projects. Through this strategy, the Group intends to broaden its concession portfolio and extend its average maturity, while contributing to the environmental transition. Cobra IS’ business and geographical footprint complement those of VINCI, through its acknowledged expertise in delivering turnkey EPC (Engineering, Procurement and Construction) projects in the energy sector and with its strong local positions in the Iberian Peninsula and in Latin America;
After announcing the agreement on 1 April 2021, VINCI’s acquisition of ACS’s energy business has been completed. The acquisition covers- Most of the contracting business of the ACS Industrial Services division- 9 greenfield concession1 projects under development or construction, mainly electrical transmission networks in Latin America- The renewable energy project development platformThis is a major milestone in VINCI’s strategy of creating a global leader in engineering, works and services focused on the energy sector, and of developing renewable energy concession projects. Through this strategy, the Group intends to broaden its concession portfolio and extend its average maturity, while contributing to the environmental transition. Cobra IS’ business and geographical footprint complement those of VINCI, through its acknowledged expertise in delivering turnkey EPC (Engineering, Procurement and Construction) projects in the energy sector and with its strong local positions in the Iberian Peninsula and in Latin America;
