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Thu March 28 2024

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Vinci buys Canadian rail contractor

4 Feb 16 Vinci subsidiary Eurovia has increased its presence in the Canadian market with the acquisition of rail contractor Rail Cantech.

Rail Cantech operates primarily in the provinces of Quebec and Ontario, providing engineering, construction and maintenance services for national railway networks, urban transport networks and industrial sidings.

The company, which was founded in 1989, generated revenue of about C$30m (£14.8m) in 2015 and currently employs about 200 people.

Rail Cantech will join ETF, the Eurovia subsidiary specialising in rail works.

In Canada, Eurovia generated revenue of over C$700m in 2014.

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