Vinci subsidiary Eurovia has strengthened its rail infrastructure positions in Canada by finalising an agreement to acquire contractor Rail Cantech for an undisclosed sum.
Mainly operating in the provinces of Quebec and Ontario, Rail Cantech offers engineering, construction and maintenance services for national railway networks, urban transport networks and industrial sidings.
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Rail Cantech currently employs about 200 people and generated revenue of approximately C$30m ($22m) last year.
The acquisition adds to Eurovia’s range of services in Canada, as well as increases its industrial capacity in the growing rail sector in the country.
Following completion of the deal, Rail Cantech will join Eurovia rail works subsidiary ETF.
Eurovia specialises in the construction and maintenance of transport infrastructure and urban development.
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By GlobalDataIn Canada, Eurovia generated revenue of more than C$700m ($512m) in 2014. The focuses on building transport infrastructure, including roads, highways, railways, and airport and tramway platforms, as well as contributes to industrial, commercial and urban site development.
Image: Rail Cantech mainly operates in the provinces of Quebec and Ontario. Photo: courtesy of Vinci.
