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VINCI Construction Acquires the Seymour Whyte Company and Boosts its Construction Operations in Australia - On 23 October 2017, VINCI Construction finalised the acquisition of the Seymour Whyte company based in Queensland - SeymourWhyte.com.au / VINCI-Construction.com
VINCI Construction Acquires the Seymour Whyte Company and Boosts its Construction Operations in Australia

 

PRZOOM - /newswire/ - Queensland, Australia, 2017/10/25 - On 23 October 2017, VINCI Construction finalised the acquisition of the Seymour Whyte company based in Queensland - SeymourWhyte.com.au / VINCI-Construction.com. CAC 40; Euronext 100

   
 
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• Acquisition of 100% of Seymour Whyte’s shares;
• 2017 revenue of A$433 million;
• VINCI Construction expansion in the Pacific area.

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$433360 million in the fiscal year ended on 30 June 2017.

Founded in 1987, Seymour Whyte (seymourwhyte.com.au) 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 (vinci-construction.com), 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.

About VINCI

VINCI is a global player in concessions and construction, employing more than 183,000 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, 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.

 
 
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Agency / Source: VINCI

 
 

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VINCI Construction Acquires the Seymour Whyte Company and Boosts its Construction Operations in Australia

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VINCI Construction | Seymour Whyte
Contact: Paul-Alexis Bouquet - VINCI.com 
+33(0)1 47 16 35 00 paul-alexis.bouquet[.]vinci.com
 
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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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