Quanta Services completed the acquisition of Blattner for $2.7bn.

Quanta Services, a provider of infrastructure services for electric power, pipeline, industrial and communications industries, completed the acquisition of Blattner, a renewable energy infrastructure solutions provider in North America, for $2.7bn. "We believe what Quanta is to the electric power solutions industry, Blattner is to the utility-scale renewable energy solutions industry. Together, we will be focused on what we believe are the most attractive areas of the electric infrastructure complex. Blattner will bring an exceptional management team that we believe will enhance our ability to collaborate with our customers to shape North America's energy transition to a carbon-neutral economy. Blattner has a strong and visible project backlog, and we believe their financial contribution will be accretive to Quanta's growth, margins, cash flow conversion and earnings per share," Duke Austin, Quanta President and CEO.