VINCI subsidiary Eurovia continues to expand in Chile
6 July 2016 - 5:45 pm - Acquisitions - Chile
Eurovia's Chilean subsidiary Bitumix SA raises its holding in Bitumix CVV from 50% to 100%.
Bitumix CVV, previously jointly controlled with the Chilean Claro Vicuna Valenzuela Group, specialises in roadworks in the central Biobio and Araucanía regions. Bitumix CVV has industrial facilities in the cities of Concepción (Chile's second-largest urban area), Chillan, Los Angeles and Temuco.
Bitumix CVV generated revenue of €16 million and produced about 200,000 tonnes of asphalt mix in 2015.
Bitumix SA is one of Chile's main transport infrastructure construction and urban development companies. The acquisition of 100% of Bitumix CVV rounds out its coverage of Chile south of Santiago.
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 15 countries, employs 38,000 people, and achieved sales of €7.9 billion in 2015.
VINCI is a global player in concessions and contracting, employing close to 211,000 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, 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.