Vinci completed the acquisition of the energy business of ACS for €4.2bn.

Vinci, a French concessions and construction company, completed the acquisition of the energy business of ACS, a provider of construction and engineering services, for €4.8bn ($5.6bn). "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. The group is delighted to welcome an outstanding management team and a skilled workforce of around 45k people. Synergies derived from complementary geographies, technical expertise and integrated business model, will be a significant asset to win new projects and to seize greenfield renewables energy opportunities. We will capitalize on ACS IS recognized track record to enhance VINCI’s contribution to the climate transition and pursue our environmental ambition together," Xavier Huillard, Vinci Chairman and CEO.