Eiffage buys major player in European energy infrastructure market
24 April 2024
French construction group Eiffage has acquired EQOS, a major European player in the energy infrastructure market.
Photo: Eiffage
EQOS, which operates mainly in Germany and Austria, specialises in the field of energy transmission and distribution, telecommunications and rail.
The company generated revenue of €459 million (US$490 million) in 2023. Eiffage has bought 100% of the business through its Eiffage Énergie Systèmes.
It said the deal would allow it to develop in Germany’s buoyant energy infrastructure market, which it said is a growing sector central to the energy and digital transitions.
The deal is set to be finalised later this year, subject to approval by the European competition authorities.
Eiffage Énergie Systèmes already operates in Germany with four subsidiaries in tertiary and industrial sectors: Elomech, Schwarz and Grantz, Nat and Salvia Group, with a total of almost 3,000 employees and revenue of €630 million (US$673.4 million) in 2023.
