VINCI boosts its presence in Canada
5 January 2012 - Acquisitions - Canada
Eurovia, a subsidiary of the VINCI Group, has just signed an agreement to acquire Carmacks, a group of companies based in Edmonton, Alberta.
Carmacks delivers highway construction and maintenance works but also operates and maintains road infrastructure under long-term contracts in Edmonton and Calgary. Traditionally active with local public authorities, the group has also developed a portfolio of private sector clients.
Carmacks generates revenue of about C$200 million (approximately €150 million) and is active throughout the Canadian province of Alberta, which is experiencing rapid economic growth.
With this acquisition, Eurovia, one of the world leaders in construction and maintenance of road and rail transport infrastructure, will now operate in three Canadian provinces - Alberta, British Columbia and Quebec.
The transaction is subject to approval by the Canadian competition authorities.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 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, 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.