NewswireTODAY - /newswire/ -
Grimstad, Aust-Agder, Norway, 2023/01/05 - VINCI Energies is acquiring the Norwegian company Otera AS and its subsidiaries from Roadworks AS and Å Energi AS - Otera.no / VINCI.com. CAC 40; Euronext 100
• A major player in energy and transportation infrastructure services in Norway;
• More than 600 employees and annual revenue of about €150 million;
• Strengthening VINCI Energies in Norway.
With its recognised know-how in high and low voltage, automation and control systems, Otera AS (otera.no) is particularly involved in the design, installation and maintenance of the electricity grids, roads and tunnels.
This transaction will enable VINCI Energies to strengthen and expand its offer and expertise in Norway through its Omexom brand, with ownership of one of the leading companies in the sector. VINCI Energies will thus employ more than 1100 people in the country and annual revenue of about €250 million, and will contribute to the acceleration of the national energy transition.
VINCI (vinci.com) is a global player in concessions, energy and construction businesses, employing more than 260,000 people in nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.