Soletanche Freyssinet, a subsidiary of VINCI, continues its expansion in Latin America
24 November 2015 - 8:30 am - Acquisitions
Soletanche Freyssinet (the VINCI division specialised in civil engineering) has increased its holding in Grupo Rodio Kronsa to 100%.
Rodio Kronsa, previously jointly controlled with Mexican partner ICA, holds all Soletanche Freyssinet locations operating in foundations (Soletanche Bachy) in Central America, the Iberian Peninsula and Morocco.
Rodio Kronsa will generate revenue of nearly €100 million in 2015, of which more than 60% in Latin America.
Soletanche Freyssinet is stepping up its international expansion and continuing to increase the share of its revenue generated outside Europe.
With the addition of a network of seven further subsidiaries in Central America, Soletanche Freyssinet will be in a position to better serve its clients in this geographical area.
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.