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Vinci Seals $5.8 Billion Deal Marking Push Into Renewables

  • French infrastructure giant acquires core unit of Spain’s ACS
  • Vinci will add 6 billion euros in sales and 45,000 employees
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Vinci SA’s move to buy a core business of Spain’s Actividades de Construccion y Servicios SA ​​​for about 4.9 billion euros ($5.8 billion) will turn the French infrastructure giant into a global player in renewable energies.

The deal that was more than six months in the making expands Vinci’s reach into Spain and Latin America, according to a statement Thursday. The Madrid-based ACS unit will add about 45,000 employees and 6 billion euros in annual sales.