Vinci's Energies Business Buys German Telecom Infrastructure Company
September 30 2019 - 3:17AM
Dow Jones News
By Cristina Roca
Vinci SA (DG.FR) said Monday that its Vinci Energies business
has acquired German telecommunications infrastructure company
OFM.
No financial details were disclosed.
OFM's activities are mainly focused on developing fibre-optic
networks and posted revenue of 78 million euros ($85.3 million) in
2018.
"With this latest acquisition, VINCI Energies is taking
positions in Germany in the buoyant market for fast communications
infrastructure and business networks," the French company said.
Write to Cristina Roca at cristina.roca@dowjones.com
(END) Dow Jones Newswires
September 30, 2019 03:02 ET (07:02 GMT)
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