Eiffage has finalized the acquisition of 70% of SNEF Telecom









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EIFFAGE

Eiffage finalized the acquisition of 70% of SNEF Telecom | Photo credits: HervePiraud

PARIS (Agefi-Dow Jones)–The construction and concessions group Eiffage announced on Wednesday that it has finalized the acquisition of a 70% stake in SNEF Telecom, a French company specializing in the installation, maintenance and operation of telecommunications networks.

The company has around 1,000 employees and achieved a turnover of nearly 200 million euros in 2021. Eiffage announced in May that it had entered into exclusive negotiations with a view to acquiring 70% of the company.

“This new acquisition allows Eiffage Énergie Systèmes to enter the fast-growing mobile telecommunications market, driven by the development of 5G technologies. It complements Eiffage Energie Systèmes’ offer and expertise with players in the industry and the tertiary sector”, underlined the group in a press release.

-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: ECH

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October 12, 2022 12:13 ET (16:13 GMT)







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