Eurovia signs an agreement to acquire the civil engineering company TNT in Québec
16 April 2018 - 5:45 pm - Acquisitions - Canada
- C$170 million (€112 million) revenue
- Eurovia boosts its operations in Quebec
Eurovia, the VINCI subsidiary specialising in transport infrastructure and urban development, has signed an agreement to acquire 100% of the shares of Quebec civil engineering contractor TNT group, a subsidiary of Transelec Common Inc.
TNT group employs 430 people, generated revenue of C$170 million (€112 million) in 2016 and operates large quarry in Laval as well as asphalt concrete plants in Montreal and Laval.
This acquisition reinforces the Eurovia Québec teams and network in ten regions of the province. Eurovia Québec delivers transport infrastructure and urban development projects for public and private sector customers.
Eurovia operates in the Canadian provinces of Québec, Saskatchewan, Alberta and British Columbia. It employs around 2,000 people in Canada, where it generated more than €400 million (C$600 million) in revenue in 2017.
Eurovia is a VINCI Group subsidiary and global leader in transport infrastructure and urban development. It builds roads, motorways, railways, airports and tramways, and develops industrial, commercial and urban facilities. It also delivers all the related services, including demolition, deconstruction, drainage, earthworks, utility networks, signage, bridges, tunnels and noise barriers. Eurovia’s network of industrial plants producing aggregates and other supplies for road and rail construction spans the entire supply chain. The company is operating in 15 countries, employs 39,500 people and generated €8.1 billion in revenue in 2017.
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.