VINCI steps up its road operations in North America [Yahoo! Finance]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
Company Research
Source: Yahoo! Finance
VINCI Construction has acquired two roadworks and materials production companies: Newport Construction in the United States and Entreprises Marchand & Frères (EMF) in Canada These two companies generate full-year revenue of over €150 million They will boost geographic densification of VINCI Construction in North America VINCI Construction has acquired two family-run public works companies in North America – Newport Construction based in New Hampshire in the US and Entreprises Marchand & Frères (EMF) in Canada. Newport Construction specialises in road works and small-scale civil engineering projects. Operating in the south of New Hampshire and Massachusetts (primarily in the Boston region), the company is vertically integrated. It owns a quarry with nearly 50 million tonnes of materials and an asphalt plant. Newport Construction employs 240 people and generated revenue of €105 million (US$115 million) in 2023. This acquisition, which is in line with its vertical integratio
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