Vinci Energies has reached an agreement with Imtech to acquire the latter's information and communication technologies division, Imtech ICT.

The division generates annual revenue of about €740 million ($1.226 billion) in the Benelux countries, Germany, Austria, Sweden and the UK.

The acquisition of Imtech ICT, which remains subject to competition clearance and customary closing conditions, would significantly broaden Vinci Energies' range of telecommunications products and services and its positions in that sector.

The transaction would raise Vinci Energies' volume of activity in the telecommunications field to €1.6 billion, i.e. more than 15 per cent of its consolidated revenue, and give it comprehensive, consistent coverage, particularly in the most buoyant segments, across the entire telecommunications market, from the operator to the user and from infrastructure to the Cloud and the Data Centers.

Operating in about 50 countries, including some 30 outside Europe, Vinci  Energies generated revenue of €9.25 billion in 2013 and employs 63,000 people.