Construction News

Sun April 18 2021

Related Information

Vinci buys out Mexican foundations partner

25 Nov 15 Vinci subsidiary Soletanche Freyssinet has continued its expansion in Latin America by increasing its stake in Grupo Rodio Kronsa to 100%.

The company was previously jointly controlled with Mexican partner ICA. Rodio Kronsa now holds all of Soletanche Freyssinet’s foundations work – which is carried out by Soletanche Bachy - in Central America, the Iberian Peninsula and Morocco.

Rodio Kronsa will generate revenue of nearly €100m (£68m) in 2015, of which more than 60% is in Latin America.

The latest move is in line with Soletanche Freyssinet’s drive to step up its international expansion and continue to increase the share of its revenue generated outside Europe.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »