VINCI Construction to Acquire FM Conway Limited, Expanding Presence in the UK Public Works Sector

VINCI Construction to Acquire FM Conway Limited, Expanding Presence in the UK Public Works Sector

(IN BRIEF) VINCI Construction has announced its agreement to acquire FM Conway Limited, a leading public works company in the UK, as part of its strategy to strengthen its presence in the southeast England market. FM Conway, founded in 1961 and still family-owned, specializes in roadworks, civil engineering, and the production of asphalt, among other services. The company employs around 2,000 people and is projected to generate approximately €690 million (£580 million) in revenue in 2024. The acquisition, pending regulatory approvals, is expected to be completed in early 2025, further enhancing VINCI’s operations in the UK, where it reported nearly €6 billion in total revenue in 2023.

(PRESS RELEASE) PARIS, 31-Oct-2024 — /EuropaWire/ — VINCI Construction announces its agreement to acquire FM Conway Limited, a prominent public works firm in the United Kingdom. This strategic move will enhance VINCI’s footprint in the UK market, particularly in the dynamic southeast region.

FM Conway, established in 1961 by Francis Michael Conway and still under the ownership of the Conway family, specializes in various sectors, including roadworks, civil engineering, and the production of asphalt and binders. The company also offers specialized services in water and drainage management, lighting, cabling, and traffic management. With a workforce of approximately 2,000 employees, FM Conway is expected to generate annual revenue of around €690 million (£580 million) in 2024.

The acquisition is subject to regulatory approvals and is anticipated to be finalized in early 2025. Once completed, this integration will significantly bolster VINCI Construction’s presence in the thriving southeast England market.

In 2023, the VINCI Group reported nearly €6 billion in total revenue from its operations in the United Kingdom, encompassing its three primary sectors: concessions, energy, and construction, and employing around 13,000 individuals across the country. This acquisition marks a crucial step in VINCI’s ongoing strategy to expand its capabilities and services in the UK.

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.

Media Contact:

Stéphanie Malek
Tel: +33 1 57 98 66 28
media.relations@vinci.com

SOURCE: VINCI

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