VINCI Energies acquires Wah Loon Engineering, a Singapore leading company providing integrated electrical and mechanical engineering services

5. 04. 2018 - 08:30 - Akquisitionen - Singapur

- VINCI Energies expands its activities in Singapore
- €125 million in revenue expected in 2018

VINCI Energies, the VINCI subsidiary specialising in energy, and information and communication technology (ICT) services, has acquired Wah Loon Engineering from its management and Dymon Asia Private Equity Fund. The company is specialised in turn key electrical and mechanical projects including design, supply, installation, testing, commissioning and maintenance. It has extensive expertise in electrical systems, Heating, Ventilation and Air-Conditioning (HVAC), fire protection, system integration and building management systems.

With nearly 360 people – 315 in Singapore and 45 in Malaysia - it expects to generate €125 million in revenue in 2018, mainly in data center construction, as well as industrial, commercial and high end residential developments.

Alan Chong, founder of Wah Loon Engineering in 1988, will remain as Managing Director of the company.

This acquisition reflects VINCI Energies’ strategy of deploying its business activities in Asia Pacific, where the group is already operating in New Zealand, Australia, Indonesia and India.

VINCI Energies Chairman and Chief Executive Officer Yves Meignié said: “With Wah Loon, we acquire the market leader of data center construction in Singapore. Thus, VINCI Energies strengthens its activities outside of Europe and will be able to pursue the development of its business in Asia Pacific.”

In 2017, VINCI Energies has conducted 34 external growth transactions, corresponding to total additional full-year revenue of worth €1.6 billion.

 

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About VINCI Energies
In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.
2017: €10.8 billion revenue // 69,400 employees // 1,600 business units // 53 countries
www.vinci-energies.com

 

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VINCI ist als weltweit führendes Unternehmen in den Bereichen Konzessionen, Energie und Bau und beschäftigt 280.000 Mitarbeiter mit Präsenz in mehr als 120 Ländern. Zu unserem Leistungsspektrum gehören Planung, Finanzierung, Bau und Betrieb von Infrastrukturen und Einrichtungen, die zur Verbesserung des Alltags und der Mobilität der Menschen beitragen. Erfolg bedeutet für uns, dass die Gesamtleistung stimmt. Dazu zählt unser Engagement zugunsten der Umwelt sowie der sozialen und gesellschaftlichen Performance unserer Unternehmensbereiche. Da die Leistungen des Konzerns sich durch ihren Nutzen für die Allgemeinheit auszeichnen, betrachten wir den Dialog mit allen Beteiligten und ein offenes Ohr für deren Belange als unerlässliche Voraussetzung unserer Tätigkeit. Unsere Ambition ist es, für unsere Kunden, Aktionäre, Mitarbeiter, Partner und die gesamte Gesellschaft auf Dauer Wert zu schaffen.