VINCI Construction acquires the Seymour Whyte company and boosts its construction operations in Australia
25 October 2017 - 5:45 pm - Acquisitions - Australia
- Acquisition of 100% of Seymour Whyte’s shares
- 2017 revenue of A$433 million
- VINCI Construction expansion in the Pacific area
On 23 October 2017, VINCI Construction finalised the acquisition of the Seymour Whyte company based in Queensland. The acquisition was finalised following the purchase of 100% of the shares of the company previously listed on the Sydney stock exchange.
Seymour Whyte employs 475 people and generated revenue of A$433 million in the fiscal year ended on 30 June 2017.
Founded in 1987, Seymour Whyte is a well-known Australian company operating in the fields of civil engineering, earthworks and utilities, notably for the construction of roads, bridges and water and pipeline infrastructure.
Seymour White is made up of two entities: Seymour Whyte Constructions and Rob Carr Pty Ltd.
- Over the past decade, Seymour Whyte Constructions has completed more than 80 infrastructure projects in Queensland and New South Wales, including modernisation of the Ipswich motorway, the access roads to the Sydney airport and, more recently, renovation of a section of the Bruce Highway motorway.
- Rob Carr Pty Ltd is one of Australia’s leading water and pipeline infrastructure companies, specialising in microtunnelling and directional drilling
This acquisition, added to that of HEB Construction in New Zealand in 2015, strengthens VINCI Construction’s operations in the Pacific area, where it generated 2016 revenue of €549 million, employs 2,000 people and delivers wide-ranging expertise in the highway construction, civil engineering, soil reinforcement and oil & gas sectors.
“Seymour Whyte is a company that resembles us, with a strong entrepreneurial culture. This acquisition will enable us to expand synergies with VINCI Construction’s existing expertise in Australia and more broadly in the Pacific area,” said Jérôme Stubler, Chairman of VINCI Construction.
About VINCI Construction
VINCI Construction, a global player and European leader, is active on five continents, with more than 68,000 employees and almost 800 companies generating 2016 revenue of €13.7 billion. Structured according to an integrated model, the company has the capacity to intervene over the entire life cycle of a structure (finance, design, construction, maintenance) in eight sectors: buildings, functional structures, transport infrastructure, hydraulic infrastructure, energy, the environment, oil & gas, and mines.
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.