Eurovia strengthens its position in quarries in Europe
15 February 2010 - Acquisitions
- Acquisition of about one hundred quarries from Tarmac
- Expansion in Central Europe, where its road construction activity is growing strongly
Eurovia has just agreed to buy the French, German, Polish and Czech quarries of mining group Anglo American plc’s subsidiary, Tarmac. These assets include about one hundred hard rock or fine aggregate extraction sites with an annual output of around 30 million tons.
By buying Tarmac’s aggregate production units Eurovia will expand its geographical presence in Europe and strengthen its industrial capacity in countries where its road construction activity is growing strongly.
The incorporation of Tarmac’s entities will bolster vertical integration between Eurovia’s material production and construction business lines by ensuring better diversification of revenue as well as the supply of aggregates for its construction sites.
Tarmac’s entities employ about 1,000 people and generate annual revenue of around €150 million. With this acquisition, Eurovia will increase its aggregate production by 40%.
The deal is subject to approval by the relevant competition authorities.
Eurovia, a VINCI subsidiary, is a European leader in the construction and maintenance of road and rail transport infrastructures. With operations in 15 countries, the company has 41,500 employees and generated revenue of €8 billion in 2009.
VINCI is a global player in concessions and contracting, employing more than 222,000 peoplein nearly 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, 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.