Eiffage completes the 70% acquisition of SNEF Telecom

12.10.2022

Eiffage completes the 70% acquisition of SNEF Telecom

Eiffage, through its subsidiary Eiffage Énergie Systèmes, has acquired with its own resources 70% of SNEF Telecom capital, a SNEF group subsidiary, following exclusive negotiations started in May 2022.
 

SNEF Telecom, a leading national company in the French mobile telecommunications market with 1,000 employees spread across France, generated revenue close to €200 million in 2021.

This new acquisition enables Eiffage Énergie Systèmes to enter the expanding mobile telecommunications market buoyed by the development of 5G technologies. It will strengthen Eiffage Énergie Systèmes’ offer and expertise for industrial and tertiary-sector customers.