Bouygues Construction and Colas Rail, a subsidiary of the Colas Group, have acquired Switzerland-based Alpiq Engineering Services from the Alpiq Group for CHF850m ($900.47m), which includes CHF700m ($741.51m) for Bouygues Construction and CHF150m ($158.89m) for Colas Rail.
Alpiq Engineering Services provides hard and soft services in construction and in energy, industrial and transport infrastructures. It operates through Alpiq Intec and Kraftanlagen Munchen.
The company employs around 7,650 people and has operations mainly in Switzerland, Germany and Italy.
Bouygues said that the acquisition help the firm to strengthen its presence in Switzerland in businesses that complement those of its subsidiaries, Bouygues Energies & Services Switzerland, Losinger Marazzi, VSL and PraderLosinger.
The know-how of Alpiq Engineering Services will enable Bouygues to expand its portfolio of offers and carry out complex projects in industry and energy production.
Alpiq Engineering Services will also offer an opportunity to enter into major new European markets, particularly in Germany and Italy.
The transaction is scheduled to conclude in the second half of 2018, subject to the approval of the European and Swiss competition authorities.
Bouygues Construction chairman and CEO Philippe Bonnave said: “Alpiq Engineering Services et Bouygues Construction share the same values and the same culture of innovation and operational excellence. Above all, it’s the quality and the day-to-day commitment of the men and women of our company that ensure our successes.
“Through the combination of our skills and the complementary nature of our businesses, this acquisition establishes Bouygues Construction as a benchmark player in energy and services in Europe.”
Colas Rail’s acquisition of rail activities of Alpiq Engineering Services is expected to strengthen Colas’ expertise in the field of catenaries and provide access to new growth markets.
Colas chairman and CEO Herve Le Bouc said: “This acquisition will enable Colas Rail to develop in the Swiss and Italian markets in particular, and to strengthen its presence in Central Europe and the United Kingdom.
“Alpiq’s recognised expertise in railway power supply will supplement Colas Rail’s portfolio of solutions and know-how, and will strengthen its leadership as a leading player in the rail sector.”