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.
The deal would include “most of the ACS industrial 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.