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Vinci Energies to buy Spanish information, communication technology company

VINCI Energies, a subsidiary of French concessions and construction company VINCI SA, will acquire Spanish information and communication technology services and solutions provider Acuntia S.A.

The agreement covers the acquisition of 85% of the shares, with the remaining 15% owned by senior executives of the company. The acquisition is subject to approval by Spain's competition authority.

VINCI Energies said the deal will strengthen the position of VINCI Energies' Axians, which specializes in telecommunication infrastructures for network and data transmission operators in Spain.