The competition authorities have approved VINCI Energies acquisition of Infratek

VINCI Energies is now formal owner of Infratek after the Norwegian and Swedish competition authorities have approved the acquisition, which includes all shares in Infratek Group AS and includes the following subsidiaries: Infratek AS, Infratek Norge AS, Infratek Elsikkerhet AS, Infratek Sweden AB, Infratek Finland Oy and Pohjolan Werkonrakennus OY.

The agreement on the purchase was announced on November 1st this year.
- Pending the approval of the Competition Authorities, we have been in a waiting phase. Now it's over, and a new important chapter in Infratek's story can really begin. VINCI Energies has been following the Nordic market closely for several years. They want to expand their business to the Nordic region within our industry - and they have chosen Infratek to achieve their goals. The acquisition of Infratek shows that they trust us and our people, our expertise and what we have achieved. I dare say that our entire organization is in the starting blocks and that we all really look forward to taking the company further under new ownership, says Lars Bangen, CEO of Infratek.

Since VINCI has no existing business in Finland, it has not been necessary for the Finnish competition authorities to consider VINCI Energies acquisition of Infratek.
 

21/12/2017

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