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PRZOOM - /newswire/ -
Nanterre, Hauts-de-Seine, France, 2024/10/30 - VINCI Construction announces an agreement to acquire FM Conway Limited, a leading public works company in England - FMConway.co.uk / VINCI.com. CAC 40; Euronext 100
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• Acquisition by VINCI Construction of FM Conway Limited, a UK public works company;
• An annual revenue of about €690 million (£580 million) in 2024 generated by 2,000 employees;
• Expanding the VINCI Construction presence in the United Kingdom.
FM Conway’s (fmconway.co.uk) expertise encompasses roadworks, civil engineering, asphalt and binders’ production as well as a range of specialist businesses (water and drainage management, lighting, cabling and traffic management).
Founded in 1961 by Francis Michael Conway, FM Conway is owned by the Conway family. Based in Sevenoaks, Kent, the company operates across England, with a particular focus on the south-east of the country.
The completion of the transaction is subject to any necessary regulatory approvals and is expected early 2025. The integration of FM Conway will strengthen VINCI Construction position in the very dynamic south-east England market.
In 2023, the VINCI Group generated a total revenue of almost €6 billion in the United Kingdom through its three business lines (concessions, energy and construction) and employed around 13,000 people.
About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 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.
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