Agency / Source: VINCI

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Eurovia Signs An Agreement to Acquire the Civil Engineering Company TNT in Québec - Eurovia has signed an agreement to acquire 100% of the shares of Quebec civil engineering contractor TNT group, a subsidiary of Transelec Common, Inc - GroupeTNT.com / Transelec.com / Vinci.com / Eurovia.com
Eurovia Signs An Agreement to Acquire the Civil Engineering Company TNT in Québec

 

PRZOOM - /newswire/ - Québec City, Québec, Canada, 2018/04/16 - Eurovia has signed an agreement to acquire 100% of the shares of Quebec civil engineering contractor TNT group, a subsidiary of Transelec Common, Inc - GroupeTNT.com / Transelec.com / Vinci.com / Eurovia.com. CAC 40; Euronext 100

   
 
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• 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 (groupetnt.com) 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.

About Eurovia

Eurovia (eurovia.com) 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.

About VINCI

VINCI (vinci.com) is a global player in concessions and contracting, employing close to 195,000 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.

 
 
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Agency / Source: VINCI

 
 

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Eurovia Signs An Agreement to Acquire the Civil Engineering Company TNT in Québec

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