VINCI Energies acquires AVT Group, a leading provider of industrial automation and heavy load solutions
Common Ground is happy to share the successful acquisition of AVT Group by VINCI Energies, the VINCI subsidiary (Euronext Paris: DG) specializing in energy, and information and communication technology. With this acquisition, VINCI Energies further strengthens its strategic position in the Belgian market. VINCIEnergies has a strong local presence and agile organisational structure with a revenue of €10.8 billion (2017) and 69,400 employees in 53 countries.
AVT Group is specialized in industrial automation (from robotic integration projects over factory automation to custom made machinery), in heavy load handling and logistic solutions for internal transport (from free moveable platforms to automatic guided vehicles on wheel, rail or air cushions) and in industrial electrical works (including the design, installation and commissioning of medium and high voltage cubicles).
The Group has headquarters in Essen near Antwerp, subsidiaries in Germany, China, France and The Netherlands and employs 65 employees.
CommonGround acted as the exclusive advisor to AVT Group.
“Common Ground listened to our specific needs and understood our unique positioning. Their broad experience and expertise in M&A deal structuring was very instrumental in finding a balanced and satisfying result. The network structure of VINCI Energies will enable AVT to accelerate growth ambitions both in Belgium and abroad”, says Luc Van Thillo, CEO and previous shareholder of AVT Group.