RUEIL-MeALMAISON, FRANCE—The French transportation infrastructure firm Eurovia has announced that it has acquired Canadian rail works contractor Rail Cantech.
The deal adds to Eurovia‘s range of services in Canada, states a company press release issued Feb. 3, and increases its industrial capacity in Canada, where, it says, rail activity is growing rapidly. Rail Cantech will join ETF, the Eurovia subsidiary specializing in rail works.
Founded in 1989, Rail Cantech generated revenue of about $30 million in 2015 and currently employs about 200 people. Operating primarily in Quebec and Ontario, Rail Cantech provides engineering, construction and maintenance services for national railway networks, urban transport networks and industrial sidings.
Eurovia is described as a world leader in the construction and maintenance of transport infrastructure and urban development in its media release. In Canada, Eurovia generated revenue of over $700 million in 2014.
Eurovia is a subsidiary of VINCI, an internationally active transport infrastructure construction and urban development company.
Eurovia is currently operating in 16 countries and builds transport infrastructure — roads, motorways, railways, airports and light rail systems — and participates in the development of industrial, retail and urban sites, says the media release. Eurovia employs 39,000 people and generated revenue of €8.2 billion in 2014 ($12.6 billion at the current exchange rate).
Follow @DCN_Canada for more construction industry updates.
Recent Comments
comments for this post are closed