News

Infratek Group is sold to VINCI Energies, a global player in concession and constructing

Oslo 01.11.2017 VINCI Energies, the VINCI subsidiary specialising in energy and information and communication technology services (ICT), has reached an agreement with funds advised by Triton to acquire Infratek Group. The agreement covers acquisition of 100% of the shares and consist following subsidiaries: Infratek AS, Infratek Norge AS, Infratek Elsikkerhet AS, Infratek Sverige AB, Infratek Finland Oy and Pohjolan Werkonrakennus OY.

01/11/2017
Infratek Group is sold to VINCI Energies, a global player in concession and constructing

Infratek is a leading total supplier in the Nordic region in the fields of electrical grids, lighting and railway systems. Infratek is also a market leader when it comes to building charging stations for electrical cars. For local infrastructure, the Group covers the need for a strong presence and efficient logistics. Infratek plays an important role in society by ensuring functionality in fundamental infrastructure. It employs around 1,350 people and generated revenue of more than €300 million in 2016. The company carries out its business activities in Sweden, Norway (headquarters) and Finland. Infratek will remain as a group integrated in the network of Omexom, and kept together to be able to handle the Nordic markets.

“VINCI Energies have followed our Nordic markets closely for several years. They want to expand their business in to the Nordics within our industry – and they have selected Infratek to achieve their goals. VINCI Energies’s acquisition of Infratek shows their confidence in our people, our competence and what we have accomplished over the years, especially in the recent years as Triton-owned”, says Lars Bangen, CEO of Infratek.

VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.

VINCI Energies Chairman and Chief Executive Officer Yves Meignié said: "With this acquisition, VINCI Energies is continuing to extend and consolidate its operations in Northern Europe, particularly in Norway and in Finland where we had no former location. And develop expertise on new markets ahead regarding renewable energies. It reinforces Omexom as a major player in the European market."

“We would like to thank the management team, the employees and all other stakeholders for their contributions to Infratek's development. Triton has been the owner of Infratek for more than four years and we view this as an appropriate time for an ownership change to an industrial owner. Infratek and Vinci Group fit well together and the combined business should have a good future," says Peder Prahl, Director of the General Partner to the Triton fund.

The acquisition is subject to approvals of the completion authorities in Norway and Sweden.
 

About VINCI Energies

In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.

2016: €10.2 billion revenue // 64,500 employees // 1,600 business units // 52 countries
www.vinci-energies.com

About VINCI

VINCI is a global player in concessions and construction, employing more than 183,000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.

www.vinci.com

About Omexom
Omexom is the VINCI Energies brand dedicated to the Power & Grid sector, is positioned across the entire value chain, from generation to transmission and distribution grids and the final consumer’s meter. Omexcom consist over 250 companies in over 40 countries. 2016 revenue: €2 billion.
www.omexom.com

Press contacts

Infratek
Jørgen Thaule
Phone: +47 91 559607

Vinci Energies
Sabrina Thibault
Phone: +33 (0)6 09 94 30 44

Triton
Marcus Brans
Phone: +49 69 921 02204

Infratek wins contracts with Fingrid

Infratek will run maintenance for Fingrid in a number of regions in the years 2018-2020. The contract was signed this week.

20/10/2017
Infratek wins contracts with Fingrid
Upper row from left: Maintenance Manager Timo Heiskanen, Department Manager Arto Ellilä, Department Manager Jani Gratschev, Manager Jari Helander
Lower row: Country Manager Veera Höglund, Deputy CEO Kari Kuusela, Vice President Tiina Miettinen

 

The Finnish national grid owner recently announced its extensive maintenance agreements for substations, secondary maintenance and specialized maintenance. The result of the tender is very positive for Infratek.

Infratek was chosen for maintenance of 110 – 400 kV substations. The maximum limit for one company provider was three regions. Infratek has previously had two regions, Capital area and Oulu area , and succeeds in retaining these - plus adding a new region, Hikiä-Tampere area.

For secondary maintenance, Infratek maintains all five regions they have today, which includes the whole Finland area. Infratek also won the special maintenance agreement covering the whole of Finland (one player).

"The agreement is a result of all employees in Finland having a good service and showing good academic skills for Fingrid in the agreements we have had, "says Finland's chief executive Veera Höglund.

Silver to Belinda

Infratek design assistant Belinda Ruokolainen partisipated in the Finnish national skill competetion for young student, and came back with a silver medal.

28/06/2017
Silver to Belinda

– Infratek Finland Oy is proud to have Belinda as a part of our team. She is really a good ambassadeur to us. Well done Belinda! says CEO in Infratek Finland, Veera Höglund.

Belinda Ruokolainen competed in category ’201 Mech. Eng. CAD’ (CAD planering) at ”Taitaja 2017”. The skills competition is the largest vocational education event in Finland. Taitaja2017 in Helsinki gathered more than 500 competitors and 80 000 visitors, exhibitors and other co-operators. 

The annual Taitaja skills competition promotes vocational education, improves connection to entrepreneurs and companies and increases awareness about the quality of vocational education and professional skills. The competition also develops vocational education and international relations.

More about Taitaja 2017: http://taitaja2017.fi/en/

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Cruise ship project worth millions

Infratek to deliver photoluminescent escape guidance systems for two large international cruise ships.

12/06/2017
Cruise ship project worth millions

The vessels, which are owned by MSC Cruises and Carnival Cruise Lines, are currently under construction at the Fincantieri shipyard in Italy. They are to be ready to commence sailing in 2018.

- These are large vessels Infratek will be supplying with photoluminescent escape guidance systems. In fact, this is the third-largest order InfraGlow has received for cruise ships via our agent in Trieste, relates Bjørn Geeves, Project Manager at InfraGlow.

Delivery of the escape guidance system for the two ships is scheduled to start at the beginning of June. Infratek is a full-service supplier of low-placed, photoluminescent, visual escape guidance systems and tactile systems. All products are marketed under the name of InfraGlow.

A growing sector

InfraGlow has been focusing on the maritime sector for many years. The last orders the company received were for the P&O Cruise flagship M/S Britannia, and for the passenger ferry Cap Finistère.

- We have recently completed the project planning and installation of photoluminescent escape guidance systems on board the Cap Finistère, which is owned by Brittany Ferries. It was an exciting and successful project, says Bjørn Geeves, who has 20 years of experience in the cruise sector himself.

The cruise and ferry industry is growing strongly, with the emphasis increasingly on large and specialised vessels.

- We have noted a remarkable upturn in construction activity in the maritime sector. Owners are focusing heavily on cruise ships and cruise holidays all over the world, from Asia to the Arctic region. Infratek is keen to be a significant supplier of escape guidance systems to the industry, both in Norway and abroad, he continues.

Infratek at Nor-Shipping

Nor-Shipping, the Norwegian trade fair for shipping, is considered one of the most significant and best-known events in the world for the seafaring industry. From 30 May to 2 June, Infratek will be showcasing its products at the trade fair in Lillestrøm.

- In partnership with Lyngsaa AS, we will be presenting light fittings and photoluminescent signs for the maritime sector. In addition, we will be demonstrating Infratek’s advanced skills in the field of thermal imaging. This is an area we already work in onshore, but which we are interested in expanding to include seagoing vessels as well, explains Bjørn Geeves.

Test 2 = None

Investor information

Reference projects

Click the pictures below to read about some of our reference projects

Customer:
Hafslund Produksjon AS
Place:
Vamma, near Glomma in the Municipality of Skiptvet, Østfold
Work done:
Cooling and emptying the facility

Vamma 12 is the name of the new hydropower plant in Glomma, with an absorption capacity of 500 cubic metres of water per second. Infratek is responsible for cooling and emptying the facility.

In 2015, Hafslund decided to upgrade and expand Vamma hydropower plant in Glomma Production in Vamma currently amounts to 1,350 GWh per year, corresponding to fully 14 per cent of Oslo’s power consumption. The new unit will generate more than 1,000 GWh per year – 230 GWh of which will be completely new power, with the remainder replacing production from the old units. Vamma 12 delivers greater absorption capacity combined with improved efficiency; it also makes the power plant less vulnerable to outages and loss of production.

Infratek is tasked with installing around 900 metres of pipework in dimensions of 50 to 500 mm, with the associated bends and flanges. The system also features 23 shut-off valves and non-return valves. Moreover, Infratek is to deliver seven pumps in sizes from 2.4 to 170 kW, as well as two cooling water filters with automatic valves.

“Infratek is responsible for the cooling system for the entire facility and for the emptying system. Water cooling in such a huge hydropower plant requires all kinds of equipment, including storage and oil pressure units. Our job is to set up water intakes and to filter the water that flows in at various cooling points in the unit. The pumps we are to deliver will be used to empty drain water and cooling water from the basin,” explains Pål Hystad, fitter and team leader at Infratek.

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“It’s is a heavyweight power plant that’s being built and expanded here. Vamma 12 features a head of 28.5 metres, and the absorption capacity of 500 cubic metres per second is simply enormous. By way of comparison, a standard household uses around 150–200 cubic metres of water per year,” he adds.

Welding work

Infratek employee Emil Glommen Engebretsen is busy joining and welding 6-metre-long sections of acid-resistant pipes that stretch up towards the top of the tall installation.

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“The welding technique is called TIG (Tungsten Inert Gas), which means that the pool crater and the electrode are protected by a gas flowing from the welding gun. The protective gas makes it possible to weld in an oxygen-free environment, preventing damage to the weld. The pipes that are being welded together are also filled with back gas – the acid-resistant pipes, that is,” says Glommen Engebretsen.

Installation of the pumps and emptying equipment is set to commence in winter, when the facility has begun to take shape and the various compartments have been poured and built.

Completion in 2019

Infratek has been working on the Vamma project since January 2017, and the project is scheduled to continue until autumn 2018, with follow-up running until May 2019.

“With the work we’re doing on this plant, we’ve had to be involved from the very start because we’re embedding all the pipes in concrete. It’s exciting to have Infratek involved in such a large construction project, where Vamma is cementing its position as the biggest hydropower plant in Norway,” concludes Pål Hystad.

The Vamma 12 project is scheduled for completion in spring 2019.

View case images

Customer:
Hafslund Nett
Place:
Sørum, Norway
Work done:
Building of overhead lines

Infratek has built overhead lines for Hafslund Nett in Sørum municipality. The lines are 22kV and stretches for 7.5 kilometers. 

- The lines we build is in total 7.5 km, says Erik Olsen-Ruud of Infratek.

Together with his colleagues Peter Haugland, Hågen Jellum and Arnfinn Bredesen he is bulding lines to give Sørum municipality a better power supply with the 22 kV distribution grid lines.

- In the project we have transported new poles, stones forfoundations, power lines and other materials on the special vehicle we use for such jobs. There was a lot of mud when we worked in the fall, but it was a little easier when it got colder at night, says Olsen-Ruud.

View case images

Customer:
Ishavskraft
Place:
Oslo - Svinesund, Norge
Work done:
Fast chargers for electrical vehicles

On commission from Ishavskraft and the Ishavsveien project, Infratek built the first full service charging stations in the world by the E6 motorway between Oslo and Svinesund in Norway. 

The solution involves several types of quick chargers at every charging point so that it is possible to charge all electric cars – irrespective of make.

View case images

Customer:
A-train
Place:
Stockholm, Sweden
Work done:
Operations and mainenance of the railway installations for Arlanda Express

Since 1999 we have worked with operation and maintenance at the railroad for Arlanda Express, the high speed train between Stockholm Central and Arlanda airport. 

- In this contract, we have the total responsibility, and this means high demands for service, availability and quality, says Leif Andersson, business developer for railways at Infratek.

The agreement was extended in 2012 and lasts until 2016.

Operation and maintenance contract with functional responsibility for engineering structures, tracks, electrical/aerial lines, signals and telecommunications. Telecommunications also covers passenger information systems (PIS), alarm supervision (SCADA), branch exchanges (PABX), closed-circuit television (CCTV), etc.

- We have had a long standing and close cooperation with Infratek, and we have had a common goal of being Sweden’s most accurate train operator. Arlanda Express has now kept this position for 10 years, says Per Thorstenson, CEO at A-train.

 

Customer:
Stokab
Place:
Stockholm
Work done:
Construction of connections

Framework agreement with Stokab concerning the construction of 170,000 connections. 

On commission from Stokab, we were involved in the construction of the largest open fibre network in Europe. The assignment involved contacting property owners to offer connection, project planning the network structure, and performing the actual channelisation and fibre work. 

Customer:
Fortum Distribution
Place:
Sverige
Work done:
Operation and maintenance of 20,000 transformer gauges and measuring systems

The assignment applies to all Fortum licenses in Sweden and includes building, repairs, accredited inspections and modifications of measurement systems that do not meet the requirements for measurement accuracy.

Customer:
Hennes & Mauritz
Place:
Sweden
Work done:
Electronic article surveillance

Infratek has delivered complete EAS solutions for Hennes & Mauritz

Infratek has for several years delivered quality EAS solutions with modern design to Hennes & Mauritz

Customer:
The Royal Djurgården Trust
Place:
Southern and Northern Djurgården, Sweden.
Work done:
Replacement of lamps

Infratek has replaced all mercury and high-pressure sodium sources with 8W and 20W LEDs. 

The project directly cut the customer’s energy costs by 60 per cent – as proved by measurements taken immediately on the conclusion of the contract. The repayment time for the client’s investment was approx. 18 months. 

Customer:
Akershus Energi Varme
Place:
Lillestrøm/Lørenskog, Norway
Work done:
Building of district heating

Infratek has carried out project planning, project management and construction of district heating systems in Lillestrøm and Lørenskog, Norway. 

The customer was Akershus Energi Varme.

Customer:
Hafslund Nett
Place:
Oslo, Norway
Work done:
Transformer upgrade, live work

Infratek has started a pilot project centred on upgrading transformers using live work methods. 

The project involved upgrading two transformers, one from 315 kVA to 500 kVA (11 kV) and one from 500 kVA to 800 kVA (22 kV).

Customer:
Sandvik
Place:
Sverige
Work done:
Electrical power assignments, trainig, consulting

Infratek has carried out electrical power assignments, comprising training courses, reports and consultancy.

We have installed switchgear, effect switch and cables at the switchgear facility at Västberga, Sweden. Infratek has also initiated and carried out reporting on capacitors, done ESA-training and given advice on cable dimensioning.  
 

Customer:
Rabbalshede Kraft/Fortum
Place:
The west coast of Sweden
Work done:
Infrastructure for wind farm

We have built connections to a number of the company’s wind farms. Troubleshooting, emergency response and supervision of electrical facilities. Emergency response on the turbines in collaboration with Nordex. Internal grid for Fortum.

Customer:
Statoil
Place:
Worldwide
Work done:
Integrated security solutions

Infratek delivers integrated security solutions to Statoil worldwide.

Customer:
Svenska Kraftnät
Place:
Bräcke, Sverige
Work done:
Construction of switchgear

Infratek is building a new 220 kV connection station in Bräcke outside Sundsvall in Sweden for Svenska Kraftnät (the Swedish national grid owner). 

The station is to receive power from a wind farm that is being constructed by Statkraft/SCA in the area.

Customer:
Fingrid
Place:
Tuovila and Uusnivala, Finland
Work done:
New construction of transformer stations

As a part of a major grid upgrade project along the west coast of Finland, Infratek has built two new 420/110 kV transformer stations – in Tuovila and Uusnivala – for the Finnish national grid company Fingrid.

About us

Infratek employs around 1,350 people and is the leading total supplier in the Nordic region within building, operating and maintaining critical infrastructure. Our head office is in Oslo, and we have several offices across Norway, Sweden and Finland.

Infratek plays an important role in society by ensuring that the fundamental infrastructure functions appropriately. As an estimate, more than two million people in the Nordic region are dependent on the work we do for our customers every day. We deliver a broad range of services in the fields of power supply, railway systems and lighting.