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Eurovia Becomes One of the Road Works’ Leaders in the United States East Coast - Eurovia has finalised an agreement with the Salini Impregilo Group to acquire the Plants and Paving division of its subsidiary Lane Construction - Salini-Impregilo.com / Eurovia.com
Eurovia Becomes One of the Road Works’ Leaders in the United States East Coast

 

NewswireToday - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, France, 2018/12/13 - Eurovia has finalised an agreement with the Salini Impregilo Group to acquire the Plants and Paving division of its subsidiary Lane Construction - Salini-Impregilo.com / Eurovia.com. CAC 40; Euronext 100

   
 
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• 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.

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.

About Eurovia

Eurovia (eurovia.com) 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.

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.

Investor Relations: Grégoire Thibault / Alexandra Bournazel
T: +33(0)1 47 16 45 07 / +33(0)1 47 16 33 46
E: gregoire.thibault[.]vinci.com / alexandra.bournazel[.]vinci.com.

 
 
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Written by / Agency / Source: VINCI

 
 

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Eurovia Becomes One of the Road Works’ Leaders in the United States East Coast

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