Portugal’s Visabeira Group has bought German electric company Elektro-Würkner GmbH to expand its business in Germany. Subsidiary Constructel Visabeira announced the deal on Thursday, without paying for the acquisition.
Present in the European and American markets, Elektro-Würkner GmbH, a subsidiary of the Visabeira Group operating in the telecommunications and energy sector, has acquired Elektro-Würkner GmbH. The German company was founded in 1965, and currently it has about 230 employees. According to the company’s statement, this is one of the largest German companies in the telecommunications sector and has a presence in the field of renewable energy.
“Extensive experience and a combination of technical and human skills make Elektro-Würkner GmbH the ideal partner for Constructel Visabeira, thus enhancing the huge capabilities that the Portuguese company has already secured in the field of telecom and energy network engineering services in the German market,” he says. The current management team, under the direction of Marion Forkner, will continue to lead the company “with a focus on continuity, quality and growth, without losing sight of the most important asset, employees,” Vesapera notes. “With pride and respect for what has been achieved so far, both companies are optimistic and confident about the future, and are fostering synergies by improving skills and technical resources that will secure current and future contracts.”
Acquisition takes place after the group has done so Bought, in February, an Italian company She also specialized in the energy sector and communications networks. The majority of the capital of the Inpower Group, whose value has not been disclosed, was purchased through subsidiary Constructel and aims to implement and expand the activity in Italy.
Constructel Visabeira is the holding company of Grupo Visabeira which brings together the telecommunications and energy businesses with a strong presence in Portugal, France, UK, Ireland, Belgium, Germany, Denmark, Italy, Spain, Sweden and USA.
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