VINCI Expands UK Presence with FM Conway Acquisition

VINCI Acquires FM Conway to Strengthen UK Presence

A takeover offer by Eurovia, a subsidiary of VINCI, to acquire FM Conway has been declared final and unconditional by VINCI. VINCI acquired 100% of FM Conway's share capital on January 20th, 2023, after which FM Conway will be delisted from the London Stock Exchange.

Benefits of the Acquisition for VINCI

This acquisition strengthens VINCI's position in the United Kingdom, particularly in the sectors of road infrastructure and maintenance, civil engineering, and utilities. The company will be able to expand its service offerings and geographic reach through FM Conway's extensive network of operations.

FM Conway's Expertise and Market Position

With a strong track record of more than 80 years, FM Conway is a leading provider of infrastructure services in the United Kingdom. Specializing in sectors, including highways, utilities, and civil engineering, the company employs over 2,600 people and boasts an annual turnover of over £400 million.

Strategic Alignment and Growth Prospects

The acquisition aligns with VINCI's strategic goal of expanding its presence in key international markets. By combining VINCI's global expertise with FM Conway's local knowledge, the company aims to drive growth and innovation in the UK infrastructure sector.

Integration and Future Plans

VINCI and FM Conway will work together to ensure a smooth integration процессе and leverage the combined strengths of both organizations. The acquisition will enable the sharing of best practices, expertise, and resources, leading to enhanced service delivery and customer satisfaction.

Conclusion

VINCI's acquisition of FM Conway is a significant development that strengthens the company's position in the UK infrastructure market. The combined expertise and geographic reach of both companies will drive growth and innovation in key sectors, providing improved service offerings and value to customers.