VINCI Energies in Italy exceeds €150 million revenues in 2022 with over 500 employees throughout Italy

Milano, 9 November 2023. VINCI Energies Italia acquires 100% of CM Engineering Srl, which thus becomes part of Building Solutions, the innovative business line of VINCI Energies specialized in technological systems and active across the life cycle of buildings with the aim of improving comfort, efficiency and environmental performance.

This is a significant development for VINCI Energies in Italy which, thanks to a mix of organic growth and acquisitions, exceeded 150 million euros revenues in 2022 with over 500 employees distributed throughout the country. An expansion that has led the company to become an important interlocutor on the issues of the country’s energy and digital transition.

“We are happy and honored by CM Engineering’s entry into the VINCI Energies Italia family. The skills of CM Engineering’s staff complement the Group’s current offering, bringing value to the implementation of projects and the operation of mechanical, electrical and special systems. Thanks also to the synergy with the other brands of the Group, in particular Axians Italia in the ICT sector, we are sure that we have a competitive advantage that allows us to offer ourselves to customers as a single interface, capable of covering the entire value chain in the plant engineering sector end-to-end; a crucial field to win the energy and digital challenge of the coming years” – these are the words of Thomas Panozzo, Country Managing Director of the VINCI Energies Italia Group.

With 53 employees, a growing turnover about 13 million euros in 2022 and an important development plan for the coming years, CM Engineering aims to play a leading role in plant engineering at a national level. With the entry into the Building Solutions business line – active in 20 countries, with 530 business units, 25,000 employees and revenues of 4.95 billion euros – CM Engineering enters the VINCI Energies Italia Group active in the fields of plant engineering, infrastructure and ICT. Furthermore, this acquisition will not involve any reduction of existing staff, which will be integrated and enhanced to achieve increasingly high-performance results.

“I brought CM Engineering into VINCI Energies because, in this great Group, I found the same values that have accompanied my life as an entrepreneur, and I believe this is a great opportunity for the company and for my employees. A choice that I am sure will make us stronger and more structured to face the challenges that the market will put to us” – said Andrea Cattaneo, CEO of CM Engineering.

Following this acquisition, CM Engineering’s Board of Directors will be composed as follows:

• Chairman: Thomas Panozzo, (former Country Managing Director of VINCI Energies Italia);
• CEO: Andrea Cattaneo and Maurizio Della Fornace, respectively current CEO of CM Engineering and Director of VINCI Energies Italia for the plant engineering sector;
• Directors: Antonio Crea and Vincenzo Di Marco.

Special thanks to Ethica Group and in particular the Advisor Giorgio Carere for the intermediation between us and CM Engineering. The K&L Gates Law Firm in the person of the partner and Managing Partner Giampaolo Salsi, Of Counsel Bruno Vascellari and Lorenzo Fidanza (Trainee) for legal support. We also thank the Financial Advisors of Bernoni Grant Thornton, in particular the Associate Partner Antonio Aiuto.