VINCI Energies, a global player in concessions and contracting, employing over 210k people in some 100 countries, agreed to acquire OFM Group, a German telecommunications infrastructure company. Financial terms were not disclosed. "It’s vital to roll out fast broadband in Germany to maintain our economy’s competitiveness. To turn the Internet of Things (IoT) into a reality, we want to participate actively in rolling out fast broadband and confirm our place as a foremost partner for telecom network operators and German industry in general.” Reinhard Schlemmer, general manager of VINCI Energies Europe East.