July 31 (Reuters) - Infrastructure solutions provider

Quanta Services ( PWR ) raised its annual results forecast on

Thursday and said it has acquired peer Dynamic Systems in a deal

valued at about $1.35 billion.

The deal, which closed on July 25, was financed through

$1.15 billion in cash and roughly $200 million in Quanta's

common stock.

"Dynamic Systems operates in growing end-markets, has a

strong and visible opportunity pipeline and an accretive

contribution to Quanta's growth, cash flow conversion, returns

and earnings per share," Quanta CEO Duke Austin said.

Quanta provides infrastructure services for the utility,

renewable energy, technology, communications, pipeline, and

energy industries.

Separately, the company forecast annual revenue of between

$27.4 billion and $27.9 billion, higher than its previous

forecast of $26.7 billion to $27.2 billion.

It now expects adjusted earnings for full-year 2025 to range

between $10.28 and $10.88 per share, up from its prior view of

$10.05 and $10.65 per share.

The upbeat forecasts come as Quanta benefits from increasing

power demand in the U.S. resulting from the data center boom,

aging power grids and electrification.

The company also reiterated risks to project timing and

execution due to trade policy changes, macroeconomic challenges,

extreme weather, regulatory issues and supply chain snags.

However, the terms of Quanta's existing contracts limit the

company's exposure to direct cost increases resulting from

tariffs and could help it mitigate such risks.

The Houston, Texas-based company posted second-quarter

adjusted profit of $2.48 per share, compared with analysts'

estimate of $2.44 per share, according to data compiled by LSEG.

Revenue for the quarter ended June 30 rose 21% to $6.77

billion, compared with estimates of $6.57 billion.

(Reporting by Abhinav Parmar and Aatreyee Dasgupta in

Bengaluru; Editing by Devika Syamnath)