Eurovia completes acquisition of Canadian rail works contractor
VINCI's infrastructure contruction and operation subsidiary 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 US$23 million in 2015 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.
In Canada, Eurovia generated revenue of over US$527 million in 2014. This new acquisition illustrates its expansion strategy both in geographical areas with strong growth potential and in the rail sector.
As mentioned above, Eurovia has other projects in Canada as The Southwest Calgary Ring Road which involves construction of 31 km of new six lane and eight lane divided freeway, 14 Interchanges, one road flyover, one railway crossing (flyover), and three river crossings over the Elbow River and Fish Creek.
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