Eurovia boosts its rail infrastructure positions in Canada
3 February 2016 - 8:30 am - Acquisitions - Canada
VINCI subsidiary Eurovia has finalised the acquisition of Canadian rail works contractor Rail Cantech.
Operating primarily in the provinces of Quebec and Ontario, Rail Cantech provides engineering, construction and maintenance services for national railway networks, urban transport networks and industrial sidings.
Founded in 1989, Rail Cantech generated revenue of about C$30 million in 2015 (€21 million) and currently employs about 200 people.
This acquisition adds to Eurovia’s range of services in Canada and increases its industrial capacity in a country where rail activity is growing rapidly. Rail Cantech will join ETF, the Eurovia subsidiary specialising in rail works.
Eurovia is a world leader in the construction and maintenance of transport infrastructure and urban development. This new acquisition illustrates its expansion strategy both in geographical areas with strong growth potential and in the rail sector. In Canada, Eurovia generated revenue of over C$700 million in 2014 (about €480 million).
Eurovia, a subsidiary of VINCI, is a world leader in the construction of transport infrastructure and urban development. Eurovia builds transport infrastructure, including roads, highways, railways, and airport and tramway platforms, and contributes to industrial, commercial, and urban site development. In addition, the Company possesses extensive know-how in related areas: demolition and deconstruction, sanitation, excavation, roadwork and utility networks, signage, engineering structures, and noise-attenuation solutions. The Company also controls its supply chain through its industrial network, which produces aggregates and materials for roadway and railwork construction projects. Eurovia operates in 16 countries, employs 39,000 people, and achieved sales of €8.4 billion in 2014.
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.