Eurovia becomes one of the road works’ leaders in the United States East Coast
13 December 2018 - 7:30 am - Acquisitions - United States of America
· Acquisition of Lane Construction's asphalt production plants and quarries
· Eurovia doubles its operations in the United States to more than €1 billion in revenue and 3,300 employees
Eurovia has finalised an agreement with the Salini Impregilo Group to acquire the Plants and Paving division of its subsidiary Lane Construction.
Operating in 10 eastern seaboard states and in Texas, the division employs about 2,000 people and generates annual revenue of more than $600 million. The acquisition covers about 40 asphalt production plants and several quarries producing more than one million tonnes of aggregate annually.
The division’s activity supplements Eurovia’s existing U.S. operations via its subsidiaries Hubbard and Blythe Construction, which operate in the southeastern states of Florida, Georgia, North Carolina and South Carolina. Eurovia USA now brings together the following main entities: Northeast Paving, Senate Asphalt, Sunmount Paving, Virginia Paving, Hubbard Construction and Blythe Construction.
With this move, Eurovia boosts its operations in the United States, where it generated €488 million in revenue and employed nearly 1,300 people in 2017 and where it delivers a range of expertise in the fields of road construction, civil engineering and asphalt and binder production.
Eurovia is a VINCI Group subsidiary and global leader in transport infrastructure and urban development. It builds and maintains 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 operates in 16 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.