Soletanche Freyssinet strengthens its presence in Latin America
20 November 2014 - 5:40 pm - Acquisitions
Soletanche Freyssinet, the specialized civil engineering division of VINCI Construction, has taken its holding in the share capital of Freyssinet Espagne to 100%.
Freyssinet Espagne, which was previously jointly controlled with a Spanish partner, holds all of Soletanche Freyssinet’s operations in the fields of structures (Freyssinet) and reinforced earth (Terre Armée) in the Iberian Peninsula, in Mexico and in South America.
Freyssinet Espagne posted 2013 revenue of €120 million, of which 80% was generated in Latin America. This latest move accelerates Soletanche Freyssinet’s international expansion and raises the portion of its revenue made outside Europe to over 60%.
With the consolidation of a network of some 10 additional subsidiaries in Latin America, Soletanche Freyssinet will be in a position to better take advantage of the continent’s growth potential, in synergy with the rest of the VINCI Group.
About Soletanche Freyssinet
Soletanche Freyssinet brings together a complementary set of expertise in specialized civil engineering and is a worldwide reference in ground technologies, structures and nuclear activities. Through Soletanche Bachy, Menard, Terre Armée, Freyssinet and Nuvia, the Group participates in the design-build, maintenance or repair of structures around the world.
In 2013, the Soletanche Freyssinet Group and its 20,000 employees worked on projects in around 100 countries to generate revenue of €2.5 billion.
About VINCI Construction
France's leading construction company and a major global player, VINCI Construction includes more than 830 companies and employs nearly 69,000 people in some 100 countries, for a revenue of €16.8 billion in 2013. VINCI Construction's expertise cover all building trades, civil engineering and construction-related specialities.
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.