|6 Months Ended|
Jun. 30, 2015
|Subsequent Events [Abstract]|
During the third quarter of 2015, Quanta has completed three acquisitions. The companies acquired include a foundation services company located in the United States, an electrical contractor company located in the United States, and an electrical engineering company located in Australia, all of which are included in Quanta’s Electric Power Infrastructure Services segment. The aggregate consideration paid or payable for these acquisitions included approximately $28.8 million in cash, subject to net working capital and other adjustments, and shares of Quanta common stock valued at approximately $7.7 million. As these transactions were effective during the third quarter of 2015, the results will be included in Quanta’s consolidated financial statements beginning on the dates of acquisition. These acquisitions should enable Quanta to further enhance its electric power infrastructure service offerings in the United States and Australia.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.