Thursday, October 13, 2016

Vinci insists. Purchase Novabase business infrastructure by 38 million – Express

The Novabase SGPS will sell the business Infrastructure & Managed Services (IMS) to Vinci Energies for 38.4 million euros. The operation waits for the authorizations usual and should be completed within a few months, according to the statement sent Thursday to the Commission for the Securities Market (CMVM).

it Is the return of the conglomerate Vinci, owner of ANA Airports, to acquisitions in Portugal, this time in the segment of communication and information technology.

Actions trigger

In the session today, the shares of the Company shot up following the win 6% to 2,13 euros. On the stock exchange, the Company is worth 67 million euros.

The business of IMS Novabase has resulted in the purchase of a department of the General Electric, in 2003. Account with 400 employees and generated a revenue of 104 million euros in 2015.

The operation with the Vince Energies will be made through the sale of shares of the company Novabase IMS, and two new societies, to whom shall be transferred the business IMS currently developed by Novabase Digital TV and Novabase Services.

Company repositions the

The transaction is a further step in repositioning” the Company has been making and allows the technology company to speed up the internationalization”, explains the executive chairman Luís Paulo Salvado.

This operation strengthens the presence in Portugal of the French Vinci. The president of the Company emphasises that "the Vinci Energies integrates one of the largest business groups in the world and, through its brand name Axians, is very well positioned to continue to provide good business opportunities and professional development” of the current IMS team.

The brand of Vinci Energies for the information technology bill of 1,700 million euros and employs 8,000 people in 15 countries.

According to Vinci Energies of this acquisition to the Company “is the opportunity to enlarge the geographical coverage in Europe and Africa and to strengthen the portfolio of solutions-Axians".


No comments:

Post a Comment