French contracting giant Vinci will boost its global energy construction business, particularly in renewables, in a $5.75-billion agreement to buy the energy business of Spanish rival ACS.
这笔交易将包括“ACS的大部分工业services contracting business,” with 45,000 employees in about 50 countries and an expected annual revenue increase of more than $7 billion, mainly from ACS operations in Spain and Latin America, said the April 1 Vinci announcement.
它说，该购买将于2021年底关闭，将从结束后的第一年开始增加Vinci的收入，估计的增长“在中高明位数范围内”。
该公司表示，通过收购，Vinci旨在加强其能源承包业务，尤其是在不断增长的可再生能源领域，并补充说，IT和ACS已经确定了“短期和中期的新机会”，以产生约15 GW，主要是在太阳能中产生。光伏和陆上风能，以及约8吉瓦即将到来的海上风项目。18luck官网
可再生能源中的“主要参与者”
Vinci said its “contracting/concession/O&M business model, combined with the ACS projects development platform should enable [the French firm] to become a major player in the renewables field.”
The contractor will also gain eight greenfield concessions projects under development and/or construction, mainly related to electrical transmission upgrades.
Under the deal, ACS would also gain $47 million for each ready-to-build gigawatt of generating capacity its energy unit develops under Vinci for up to 8.5 years after closing, with a ceiling of 15 GW or $705.5 million.
Vinci and ACS also plan a joint venture, 51% owned by the former, which will acquire completed renewables assets built by ACS in the future, the proposed purchaser said.
“This acquisition is a unique opportunity for Vinci to create a global player in energy contracting and to develop renewables projects, remarkably fitting its strategy,” said Xavier Huillard, Vinci chairman and CEO. “We will capitalize on ACS's recognized track record to enhance Vinci’s contribution to the climate transition and pursue our environmental ambition together.”
Vinci ranks at No. 6 on ENR’s Top 250 Global Contractors list, reporting $54.6 billion in global construction revenue in 2019, with $24.5 billion of that outside of France. About 15% of revenue is in the power sector and 4% in industrial and oil and gas. ACS ranks at No. 7 on the list, reporting $45 billion in mostly overseas revenue. According to the ranking, 10% of its revenue was in power, with 6% in industrial and oil and gas. Both firms reported the largest revenue chunk in transportation work.
Vinci is ENR's top ranked global contractor in Europe, No. 4 in Latin America, No. 5 in Canada, No. 7 in the U.S. and Africa, and No. 10 in Australia. It also is top-ranked in global telecommunications construction revenue, second in power, third in transportation and seventh in industrial.
据路透社报道，该价格少于Vinci去年10月购买ACS工业能源单位的61亿美元的非贷款报价。其目前的公告没有透露为什么以较低的价格达成协议或是否有资产的变化。
The acquisition will be financed through Vinci’s available cash and credit lines, the company said.
