Colas — M&A Activity 2013

Jan 14, 2013

Boulogne, January 14, 2013

PRESS RELEASE

Colas Ltd has been awarded, as part of a consortium, an 8-year Highways and Works contract involving the upgrading and maintenance of the road network in central London

Colas Ltd, a Britain-based subsidiary of the Colas Group, as part of a consortium along with Volker Highways and URS-Scott Wilson, has been selected for the central area of the London Highways Alliance Contract (LoHAC) by Transport for London (TfL).

The 8-year contract will start on April 1, 2013.

The contract comprises:

• Improvement and maintenance works including roads, pavements, kerbs, footways and paved areas, traffic signs, street lighting, road markings, fencing, road restraint systems, drainage, earthworks, horticulture, landscaping and ecology, bridges and other structures, street furniture,
• Highway services including winter maintenance, emergency call-outs, civil engineering work associated with traffic lights, horticulture, landscaping and ecology, street cleansing (street sweeping and litter picking), gully cleaning,
• Professional Services including asset safety and service inspections, inspections of bridges and other structures, design services for design and build scheme work including site investigations and surveys.

The total value of the base contract is estimated at ₤420 million (€520 million), of which Colas Ltd has a 40% share.

A commercial success of this scale clearly highlights Colas Ltd's expertise in long-term maintenance contracts. Indeed, Colas subsidiaries in the UK already manage the 25-year PFI (Private Finance Initiative) involving the upgrading and maintenance of the road network in Portsmouth, awarded in 2004, along with 3 MAC (Managing Agent Contractor) long-term management and maintenance contracts for the UK road and motorway network.

The Colas Group (www.colas.com)

The Colas Group is a leader in the construction and maintenance of transport infrastructure. With 66,000 employees throughout 800 works centers and 1,400 materials production sites (aggregates, emulsion, asphalt, bitumen) in nearly 50 countries on five continents, the Group performs some 110,000 projects each year. In 2011, Colas posted 12.4 billion euros of consolidated revenue (42% outside of France). The Group share of net profit amounted to 336 million euros.

Press contact: Delphine Lombard (tel. 33 1 47 61 76 17) - lombard@siege.colas.fr