M&A Activity • Oct 25, 2017
M&A Activity
Open in ViewerOpens in native device viewer
Rueil Malmaison, 25 october 2017
On 23 October 2017, VINCI Construction finalised the acquisition of the Seymour Whyte company based in Queensland. The acquisition was finalised following the purchase of 100% of the shares of the company previously listed on the Sydney stock exchange.
Seymour Whyte employs 475 people and generated revenue of A\$433 million in the fiscal year ended on 30 June 2017.
Founded in 1987, Seymour Whyte is a well-known Australian company operating in the fields of civil engineering, earthworks and utilities, notably for the construction of roads, bridges and water and pipeline infrastructure.
Seymour White is made up of two entities: Seymour Whyte Constructions and Rob Carr Pty Ltd.
This acquisition, added to that of HEB Construction in New Zealand in 2015, strengthens VINCI Construction's operations in the Pacific area, where it generated 2016 revenue of €549 million, employs 2,000 people and delivers wide-ranging expertise in the highway construction, civil engineering, soil reinforcement and oil & gas sectors.
"Seymour Whyte is a company that resembles us, with a strong entrepreneurial culture. This acquisition will enable us to expand synergies with VINCI Construction's existing expertise in Australia and more broadly in the Pacific area," said Jérôme Stubler, Chairman and Chief Executive Officer of VINCI Construction.
PRESS CONTACT VINCI Press Department Tel.: +33 (0)1 47 16 31 82 [email protected]
VINCI Construction, a global player and European leader, is active on five continents, with more than 68,000 employees and almost 800 companies generating 2016 revenue of €13.7 billion. Structured according to an integrated model, the company has the capacity to intervene over the entire life cycle of a structure (finance, design, construction, maintenance) in eight sectors: buildings, functional structures, transport infrastructure, hydraulic infrastructure, energy, the environment, oil & gas, and mines.
www.vinci-construction.com
VINCI is a global player in concessions and construction, employing almost 185,000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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. VINCI's ambition is therefore to create long-term value for its customers, shareholders, employees and partners and for society in general. www.vinci.com
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.