VINCI : Eurovia becomes one of the road works' leaders in the United States East Coast
13 Dicembre 2018 - 7:30AM
Rueil Malmaison, 13 December
2018
Eurovia becomes
one of the road works' leaders in the United States East
Coast
-
Acquisition of Lane Construction's asphalt
production plants and quarries
-
Eurovia doubles its operations in the United
States to more than €1 billion in revenue and 3,300 employees
Eurovia has finalised an agreement
with the Salini Impregilo Group to acquire the Plants and Paving
division of its subsidiary Lane Construction.
Operating in 10 eastern seaboard
states and in Texas, the division employs about 2,000 people and
generates annual revenue of more than $600 million. The acquisition
covers about 40 asphalt production plants and several quarries
producing more than one million tonnes of aggregate annually.
The division's activity
supplements Eurovia's existing U.S. operations via its subsidiaries
Hubbard and Blythe Construction, which operate in the southeastern
states of Florida, Georgia, North Carolina and South Carolina.
Eurovia USA now brings together the following main entities:
Northeast Paving, Senate Asphalt, Sunmount Paving, Virginia Paving,
Hubbard Construction and Blythe Construction.
With this move, Eurovia boosts its
operations in the United States, where it generated €488 million in
revenue and employed nearly 1,300 people in 2017 and where it
delivers a range of expertise in the fields of road construction,
civil engineering and asphalt and binder production.
PRESS CONTACT
VINCI Press department
Tel.: +33 (0)1 47 16 31 82
media.relations@vinci.com
About
Eurovia
Eurovia is a VINCI Group subsidiary and global leader in transport
infrastructure and urban development. It builds and maintains
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 operates in
16 countries, employs 39,500 people and generated €8.1 billion in
revenue in 2017.
www.eurovia.com
About
VINCI
VINCI 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.
www.vinci.com
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Source: VINCI via Globenewswire
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