July 27, 2018
ADM Systems Engineering Ltd. (ADMSE), the wholly owned subsidiary of VINCI Energies, announced it has acquired RtTech Software Inc. of New Brunswick, Canada. The acquisition, structured as an asset purchase agreement (APA), will see RtTech continue its mission as a brand within the VINCI Energies network, 1,600 business units’ worldwide.
ADM Systems Engineering Ltd. is a wholly owned subsidiary of VINCI Energies. Operating as a business unit under the industrial brand Actemium ADM design, build and maintain industrial processes and sites to help their clients improve their competitive advantage and industrial performance.
The acquisition strengthens Actemium’s asset optimization strategy by providing best-in-class industrial software solutions that integrate within the areas of the operation with the biggest bottom line impact: asset utilization and utilities consumption.
RtTech’s industrial solutions provide the ability to empower operators with real-time intelligence, maximize production capacity, improve product quality, reduce downtime and unplanned shutdowns, and optimize utilities consumption to energy costs. RtTech solutions are deployed in over 100+ sites throughout 26 different countries for blue chip companies such as Cargill, BHP Billiton, Barrick Gold, Rio Tinto, AGL, Alcoa, and more.
In addition, the President of RtTech, Jeff Milton, along with the entire RtTech team will join ADM System Engineering.
Financial terms of the transaction were not disclosed.
Jim Gillis, General Manager, ADM Systems Engineering Ltd.
“We are excited about the global opportunity presented by the merger of this product and service offering and believe it will produce exceptional value for our customers.”
Jeff Milton, President, RtTech Software
“We look forward to becoming a key part of Actemium’s Asset Optimization strategy, leveraging our best-in-class Industrial software. Actemium will also allow us to provide a complete solution, both software and services, to our current and future customers.”
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About VINCI Energies
In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organizational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.
2017: €10.8 billion revenue // 65,400 employees // 1,600 business units // 53 countries