VINCI Energies Expands Its Horizon with Fernao Acquisition
![VINCI Energies Expands Its Horizon with Fernao Acquisition](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
VINCI Energies Acquires the German Group Fernao
VINCI Energies has signed an agreement to acquire the Fernao Group, a leading provider of cybersecurity services in Germany and Switzerland.
About Fernao Group
Fernao has an extensive history in the cybersecurity domain, operating successfully for over 35 years. The company identifies risks and threats to safeguard companies and their data globally. As a systems integrator, Fernao delivers services in IT infrastructure, including networking and data centers. Furthermore, the Group is qualified to implement the European Network and Information Security Directive (NIS2) for the protection of industrial facilities and critical infrastructures.
Financial Overview
In 2024, Fernao is projected to achieve an annual revenue of approximately €260 million, employing around 770 staff members.
Strengthening VINCI Energies
This strategic acquisition is subject to the approval of competition authorities and aims to bolster VINCI Energies' presence through the Axians brand. It enhances the company's expertise in cybersecurity, IT services, and cloud solutions in two vital markets.
VINCI Energies Overview
With an astounding annual revenue of €3.6 billion in 2023 across 38 countries, the Axians brand of VINCI Energies is positioned at the forefront of digital transformation initiatives.
VINCI’s Commitment to Sustainability
In 2023, VINCI Energies generated a total revenue of €19.3 billion through its extensive network of 2,000 business units in 61 countries, with more than €4 billion derived from operations in Germany and Switzerland.
VINCI is a global leader in concessions, energy, and construction, employing around 280,000 people across more than 120 countries. The company operates with a commitment to environmental and social responsibility, focusing on creating long-term value for customers, shareholders, employees, partners, and society as a whole.
Frequently Asked Questions
What is the significance of VINCI's acquisition of Fernao?
The acquisition enhances VINCI Energies' capabilities in cybersecurity services, strengthening their position in Germany and Switzerland.
What services does Fernao provide?
Fernao specializes in IT security services, identifying risks, and offering managed IT infrastructure services, including networking and data centers.
How many employees does Fernao have?
Fernao currently employs around 770 individuals.
What is VINCI Energies' revenue in 2023?
VINCI Energies reported an annual revenue of €19.3 billion in 2023.
Where is Fernao Group headquartered?
Fernao Group is headquartered in Cologne, Germany, and operates through 26 locations across Germany and Switzerland.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/