Eurovia (part of the VINCI group) has acquired Viarom Construct in Romania
8 January 2007 - Acquisitions - Romania
Eurovia (part of the VINCI group) has just acquired 80% of the Romanian road-building company, Viarom Construct, that is based in Bucharest, Romania.
With 122 employees, Viarom Construct has experienced strong growth in its business ever since it was set up in 2001: its revenues amounted to RON46.5 million (€13.5 million) in 2005, giving annual average growth of 30%.
Through this deal, Eurovia is obtaining a presence in Romania, a country that joined the European Union on 1 January 2007. Eurovia also strengthens its presence in central Europe where it already generates revenues of over €800 million, mainly in the Czech Republic, Poland and Slovakia.
Eurovia, a VINCI subsidiary, is one of the world leaders in the road-building industry. Present in 16 countries with 330 work centers and 800 sites producing road construction materials and aggregates, the company employs over 38,000 people and had revenues of €6.5 billion in 2005.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.