VINCI Construction signs an agreement to acquire a group of public works contractors in Canada from Northern Group of Companies
22 November 2021 - 8:30 am - Acquisitions - Canada
• C$93 million (€65 million) in revenue
• Strengthens VINCI Construction's position in roadworks in Canada
VINCI Construction has signed an agreement to acquire the construction companies of the family-run Northern Group of Companies.
These compagnies operate in roadworks, asphalt mixes and agregates production in the provinces of New Brunswick and Nova Scotia, on Canada's eastern coast.
They have around 500 employees at peak season and generated C$93 million (€65 million) in consolidated revenue in 2020.
This acquisition, which is still subject to approval by the Canadian competition authorities, expends the footprint of VINCI Construction's operation in Canada and strengthens its overall position in North America.
VINCI employs 5,500 people in Canada – including more than 4,000 at VINCI Construction – and made €1.1 billion in total revenue in the country in 2020.
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.