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VINCI Boosts its Presence in Canada - Eurovia, a subsidiary of the VINCI Group, has just signed an agreement to acquire Carmacks, a group of companies based in Edmonton, Alberta - VINCI.com
VINCI Boosts its Presence in Canada

 

PRZOOM - /newswire/ - Paris, France, 2012/01/05 - Eurovia, a subsidiary of the VINCI Group, has just signed an agreement to acquire Carmacks, a group of companies based in Edmonton, Alberta - VINCI.com. CAC 40; Euronext 100

   
 
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Carmacks delivers highway construction and maintenance works but also operates and maintains road infrastructure under long-term contracts in Edmonton and Calgary. Traditionally active with local public authorities, the group has also developed a portfolio of private sector clients.

Carmacks generates revenue of about C$200 million (approximately €150 million) and is active throughout the Canadian province of Alberta, which is experiencing rapid economic growth.

With this acquisition, Eurovia, one of the world leaders in construction and maintenance of road and rail transport infrastructure, will now operate in three Canadian provinces - Alberta, British Columbia and Quebec.

The transaction is subject to approval by the Canadian competition authorities.

VINCI (vinci.com) is the world leader in concessions and construction, employing close to 180,000 people in some 100 countries

 
 
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Agency / Source: VINCI

 
 

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VINCI Boosts its Presence in Canada

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VINCI |
Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

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