ºÚÁÏÉç

☰ Close
☰ Menu

Vinci buys Australian contractor

9 Feb 16 Vinci Energies has bought Australian electrical contracting and engineering business J&P Richardson.

The Queensland-based company, which was founded in 1958 by Joe and Patricia Richardson, employs 500 people and generates annual revenue of about AU$130m (£100m).

It specialises in the engineering, installation and maintenance of electricity networks, water utilities, telecommunications and industrial processes.

Vinci Energies was already active in Australia; as of the end of last year it employed 500 people there, generating about AU$140m revenue.

The purchase of J&P Richardson follows the recent acquisition of the HEB Construction and Electrix companies in New Zealand, in line with Vinci's strategy of expanding in countries with high economic growth rates.

Construction News