VINCI Construction Expands Road Activities in North America with Strategic Acquisitions
Key Highlights:
- Acquisition of Two Companies: VINCI Construction has acquired Newport Construction in the United States and Entreprises Marchand & Frères (EMF) in Canada.
- Significant Turnover: The two companies collectively represent a turnover exceeding €150 million.
- Enhanced Geographical Coverage: This move further strengthens the presence of VINCI Construction in North America.
Details:
Newport Construction:
- Location and Specialization: Based in New Hampshire, USA, Newport Construction specializes in road works and small civil engineering projects.
- Operational Base: The company operates primarily in southern New Hampshire and Massachusetts, especially around the Boston area.
- Vertical Integration: Newport Construction is vertically integrated with a quarry boasting nearly 50 million tonnes of material reserves and an asphalt plant.
- Workforce and Revenue: Employing 240 people, Newport Construction achieved a turnover of €105 million ($115 million) in 2023.
- Strategic Fit: This acquisition enhances VINCI Construction’s public works activities in the northeastern United States, building on its 2018 acquisition of Lane Construction’s road activities.
Entreprises Marchand & Frères (EMF):
- Location and Activities: EMF operates in central Quebec and the James Bay territory in Canada, focusing on road construction.
- Vertical Integration: The company has three asphalt plants, nine quarries with nearly 20 million tonnes of material reserves, and two sand pits.
- Workforce and Revenue: EMF employs 220 people and achieved a turnover of €50 million (74 million Canadian dollars) in 2023.
- Strategic Expansion: This acquisition reinforces VINCI Construction’s long-standing presence in Quebec, enhancing its network in the province.
Overall Impact:
These acquisitions bolster VINCI Construction’s geographic and business positioning in North America, a region with significant growth potential for mobility infrastructure. In 2023, VINCI Construction achieved a turnover of over €4 billion, supported by a workforce of 9,500 employees.
