RUEIL-MALMAISON, France, 3 Feb. 2016 /CNW Telbec/ - Eurovia has finalised the acquisition of Canadian rail works contractor Rail Cantech.
Operating primarily in the provinces of Quebec and Ontario, Rail Cantech provides engineering, construction and maintenance services for national railway networks, urban transport networks and industrial sidings.
Founded in 1989, Rail Cantech generated revenue of about C$30 million in 2015 (€21 million) and currently employs about 200 people.
This acquisition adds to Eurovia's range of services in Canada and increases its industrial capacity in a country where rail activity is growing rapidly. Rail Cantech will join ETF, the Eurovia subsidiary specialising in rail works.
Eurovia is a world leader in the construction and maintenance of transport infrastructure and urban development. This new acquisition illustrates its expansion strategy both in geographical areas with strong growth potential and in the rail sector. In Canada, Eurovia generated revenue of over C$700 million in 2014 (about €480 million).
Eurovia, a subsidiary of VINCI, is one of the world's main transport infrastructure construction and urban development companies. Eurovia builds transport infrastructure – roads, motorways, railways, airports and light rail systems – and participates in the development of industrial, retail and urban sites. The company provides the full range of related expertise - demolition and deconstruction, drainage, earthworks, main services, road signs, road marking, engineering structures and noise barriers. Thanks to its network of industrial facilities producing aggregates and materials for road and railway construction - Eurovia covers the entire supply chain. Operating in 16 countries, the company employs 39,000 people and generated revenue of €8.2 billion in 2014.
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