Eiffage Expands in Germany by Acquiring EQOS

Eiffage, through its subsidiary Eiffage Énergie Systèmes, has signed an agreement to acquire 100% of EQOS, a significant European entity in the energy infrastructure sector. Noted for its specialization in energy transmission, distribution, telecommunications, and railways, EQOS reported a €459 million revenue in 2023 and employs nearly 1,700 individuals across 43 sites, predominantly in Germany and Austria.

This strategic acquisition marks a notable expansion of Eiffage Énergie Systèmes in Germany’s dynamic energy infrastructure market. The transaction, which will be funded from existing cash reserves, awaits approval from European competition authorities and aims for completion by end of 2024.

Eiffage Énergie Systèmes already has a footprint in Germany, operating through four major subsidiaries within the tertiary and industrial sectors and generating €630 million in revenue in 2023. This move by Eiffage further solidifies its position as a central figure in Germany’s energy sector.