Vinci buys Canadian rail company

Vinci subsidiary Eurovia has finalised the acquisition of Canadian rail works contractor Rail Cantech for an undisclosed sum.

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

The company was founded in 1989, and in 2015 generated US$22m of revenue. It employs about 200 people.

This acquisition adds to Eurovia’s range of services in Canada and increases its industrial capacity in a country where rail activity is growing rapidly.

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

In the last week Vinci signed contracts to enlarge and run two major airports in Iran and to design, build and operate a bypass in Strasbourg.

Image via Vinci

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