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VINCI Energies acquires M&E services firm in Singapore

VINCI Energies has acquired Wah Loon Engineering from its management and Dymon Asia Private Equity Fund.

The company specialises in turn key electrical and mechanical projects including design, supply, installation, testing, commissioning and maintenance. It has extensive expertise in electrical systems, Heating, Ventilation and Air-Conditioning (HVAC), fire protection, system integration and building management systems.

With nearly 360 people – 315 in Singapore and 45 in Malaysia – it expects to generate €125 million (£109 million) in revenue in 2018, mainly in data centre construction, as well as industrial, commercial and high end residential developments.

The move forms part of VINCI Energies’ strategy of deploying its business activities in Asia Pacific, where the group is already operating in New Zealand, Australia, Indonesia and India.

VINCI Energies Chairman and Chief Executive Officer Yves Meignié said: “With Wah Loon, we acquire the market leader of data centre construction in Singapore. Thus, VINCI Energies strengthens its activities outside of Europe and will be able to pursue the development of its business in Asia Pacific.”

Alan Chong, founder of Wah Loon Engineering in 1988, will remain as Managing Director of the company.

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