VINCI Construction to acquire Northern Group of Companies
PARIS, FRANCE: VINCI Construction has signed an agreement to acquire the construction companies of the family-run Northern Group of Companies.
These companies operate in roadworks, asphalt mixes and aggregates production in the provinces of New Brunswick and Nova Scotia, on Canada’s eastern coast.
They have around 500 employees at peak season and generated C$93 million (€65 million) in consolidated revenue in 2020.
This acquisition, which is still subject to approval by the Canadian competition authorities, expends the footprint of VINCI Construction’s operation in Canada and strengthens its overall position in North America.
VINCI employs 5,500 people in Canada – including more than 4,000 at VINCI Construction – and made €1.1 billion in total revenue in the country in 2020.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 people in some 100 countries. www.vinci.com
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