Vinci Construction to acquire Canadian contractors
By Adam FreillConstruction
Vinci Construction has signed an agreement to acquire the construction companies of the Northern Group of Companies in Atlantic Canada.
Vinci Construction has signed an agreement aimed at strengthening its position in the roadwork sector in Canada.
If approved by Canadian competition authorities, Vinci will acquire the construction companies of the Northern Group of Companies, a family-run group of public works contractors operating in roadworks, asphalt mixes and aggregates production in the provinces of New Brunswick and Nova Scotia.
The targeted companies have around 500 employees at peak season. In 2020, they generated $93 million in consolidated revenue. Vinci currently employs 5,500 people in Canada, including 4,000 at Vinci Construction, and earned approximately $1.57 billion in revenue in the country in 2020.
Globally, Vinci is engaged in infrastructure and property construction, transport infrastructure concessions, and energy, and employs more than 217,000 people in 100 countries.