VINCI Construction signs an agreement to acquire a group of public works contractors in Canada from Northern Group of Companies
• C$93 million (€65 million) in revenue
• Strengthens VINCI Construction's position in roadworks in Canada
VINCI Construction has signed an agreement to acquire the construction companies of the family-runNorthern Group of Companies.
These compagnies operate in roadworks, asphalt mixes and agregates production in the provinces of NewBrunswick and Nova Scotia, on Canada's eastern coast.
They have around 500 employees at peak season and generated C$93 million (€65 million) in consolidatedrevenue in 2020.
This acquisition, which is still subject to approval by the Canadian competition authorities, expends thefootprint of VINCI Construction's operation in Canada and strengthens its overall position in NorthAmerica.
VINCI employs 5,500 people in Canada – including more than 4,000 at VINCI Construction – and made€1.1 billion in total revenue in the country in 2020.
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About VINCI
VINCI is a world leader in concessions, energy solutions and construction, employing 285,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.